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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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Posted by (Questions: 52, Answers: 1)
Asked on 30 January 2017 3:42 pm
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