Seeking relief

My clients own all the shares in a holding company which in turn owns all the shares in three trading subsidiaries. One of the subsidiaries is a nursing home and my clients personally own the property that it trades from.

My clients are considering selling the property and the business and the subsidiary will then cease to trade and could be wound up.

Is there any way that my clients can claim entrepreneurs’ relief on the personal capital gain?

As I see it the problem is that there will not be an associated disposal by the individual clients of the shares in the company that has ceased to trade because the shares are owned by the holding company.

Readers’ views and advice would be very welcome.

Query 18 002 – Hoping

Reply from Little Bird

The facts of the query are fairly simple and commonplace. Hoping’s clients...