Self-employed 2 many partnership trading businesses has received planning permission for redevelopment of their business premises. I am looking at options and the incorporation of the whole business is under TGCA1992 s165 is one solution to extract profits tax efficiently etc.
However, I am wondering if would it be possible to get entrepreneur’s relief if only the premises were sold to a connected limited company and the partnership business carried on. I don’t it will work but would appreciate comments.
Thank you in advance.