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A sports club which was incorporated as a company limited by guarantee wishes to liquidate and transfer all assets & liabiliies to nelwy formed members sports club. Does the transfer of fixed assets constitute a disposal for CGT purposes or as both bodies are charitable and exempt from CT or IT (mutual trading) can th transfer be exempt? No benefit is given to shareholders other than those who may become members of new club.

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Asked on 4 December 2018 4:01 pm
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