A limited company with residential investment properties worth £2m has been left in a will to three members of the family. The easiest way to deal with this is for each person to get a third of the company shares.
However, I assume the company will be valued £2m so 40% inheritance tax on that. If the properties are then sold (which were bought a long time ago) there will be corp tax on the profits but the proceeds will remain in the company. Then for the family to take the money out the company they will pay another 32.5-40% income tax on the dividends/income.
How can this be arranged to avoid some of this?