Q&As

Where trustees hold shares in a company and also hold the title to a UK residential property as a nominee for the company, what are the tax implications of a restructure whereby the company would be wound up and the trustees would simply hold the UK residential property legally and on the terms of the trust?

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Published on LexisPSL on 19/03/2019

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  • Where trustees hold shares in a company and also hold the title to a UK residential property as a nominee for the company, what are the tax implications of a restructure whereby the company would be wound up and the trustees would simply hold the UK residential property legally and on the terms of the trust?

Where trustees hold shares in a company and also hold the title to a UK residential property as a nominee for the company, what are the tax implications of a restructure whereby the company would be wound up and the trustees would simply hold the UK residential property legally and on the terms of the trust?

On a restructuring of any trust, there may be an actual or deemed disposal of assets. In particular, the trustees will need to consider the

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