Client has asked a question which is outside my comfort zone. If anyone can give me a starter for 10, I'll happily go away and do the reading. On the other hand, if you feel I'm out of my depth and expert advice is needed, then I'll happily consider that too.
Basically, client is a trading company with the property owned by the company. To assist with the sale of the trade, client wants / is thinking about spinning the property out of the trading company into its own vehicle which he'll retain ownership of when selling the now-reduced trading company.
I'm guessing a subsidiary company ("P") could be set up and the property transferred from the trading company ("T") under some form of group relief? And presumably ownership of P could then be transferred from T itself to the shareholders of T (yes, there are minority shareholders if that is relevant) using a de-merger relief? Is that the best way of proceeding or can it all be done in one stage or should it be structured completely differently?
Many thanks in advance for any and all answers.