CAT Business Relief

Pablo1986

Registered User
Messages
2
Hi Folks,

Just wondering if Business relief is available to any extent in the following scenario:

2 sisters (A + B) jointly own a commercial premises. A operates a retail business from the premises, B is not involved in the retail business and does not charge any rent. They are considering transferring their shares in the premises to their daughter's. Would A's daughter be entitled to claim CAT Business relief if the retail business was transferred to her at the same time as her share (50%) in the premises?

Thanks,
Pablo
 
Back
Top