Phased buy-back?

Phased buy-back?

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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.

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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.

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