Ruddles
Trollhunter
Blogger
Share this content
0
615

Phased buy-back?

Phased buy-back?

Any readers used the multiple completion route for POOS? I understand the principles involved - just want to know if there are any IHT/BPR implications of which I should be aware.

Replies

Please login or register to join the discussion.

avatar
By MBK
26th Feb 2016 14:01

The form of the contract ...

..... in a phased buy back is that contracts are exchanged and there are then multiple completion dates.

So that means there is a binding contract for sale, so that BPR can no longer be available in respect of the shareholding in question.

Thanks (0)
Share this content