Company currently trading as a hairdressing salon but wishes to convert to rent a chair.
Plan to make current staff redundant and they will become their own boss renting space in the salon.
Would the company still be classed as a trading company and benefit from Business Asset Disposal relief if the business is wound up in say 5 years time?
The director is currently a stylist in the salon. Can he set up as self employed and rent a chair from the company in the same way as the others?
Thanks for any guidance