I have a company controlled by Mr A & Mrs A equally. This company has ceased trading and sold it's fixed assets to a Newco owned 100% by Mr A's daughter. The Newco is carrying on the same trade previously undertaken. As I understand it the fixed assets can be transferred at twdv under CAA2001 s266 as Mr A and his daughter are connected by virtue of CAA2001 s575. Please can anybody confirm this is correct.