Hi Alan, Client is eligible for retirement relief and son is eligible for business relief on transfer of controlling shares in family trading company together with the business premises held personally and leased into the company. If the son was to subsequently transfer the business premises into the trading company (of which he will own 100% of the shares) ,due to bank potentially making this a condition to offer restructuring, will this: 1- trigger the clawback of the retirement relief claimed by the father as a liability to the son? 2-affect the business relief claimed by the son? Thanks.
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