Client ( husband & wife ) own a construction company and are passing the entire shareholding to their son. The Company’s Balance Sheet has a total of €1.3m where cash is c.€330k , Debtors & W-I-Progress are c.€300k and investments are c.€705k. Creditors are minimal. Do the investments qualify as business assets for business relief purposes ( CAT ) ? Do you foresee any other problem areas with the transfer ?
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