slayer0601 replied to the topic Purchasing a trust company in the forum Greeting Terryw
So I just 12 years, 6 months agoGreeting Terryw
So I just had a meeting with the current owners. They said that they will convert the trust to make us the beneficiaries or whatever to gain control of the whole thing(assets).
So u mentioned if we do that the whole lot of staff of the trust will be charged for stamp duty and CGT? So what if I set up a new company, in that way I…[Read more]slayer0601 replied to the topic Purchasing a trust company in the forum Help Needed! 12 years, 6 months ago
Hi Luke
That sounds terrible to me. I got a solicitor to work on this and she just mentioned it today.
So how is this going to work if I want to buy the coffee store that has been controlled by the trust company?( include all assets and the right to own all profit or losses?)
It’s good to know now so maybe there is a way I can work this out?
Cheers