Into the future; Business activity; Seaside property; Holding on
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Into the future
The tax and valuation implications of shares entitled to future growth only
It has been suggested to a client who owns a property investment company that a new class of share should be created that has no entitlement to the current value of the company but will assume any increase in its value.
The plan is that the new shares will be gifted to the client’s adult children and presumably this will operate as an inheritance tax mitigation...
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