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  • Profile photo of slayer0601slayer0601
    Member
    @slayer0601
    Join Date: 2012
    Post Count: 3
    May 1, 2012 - 1:02 pm

    Greeting 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 think I still will be charged for stamp duty for purchasing a business wont I?

    Cheers

    Profile photo of slayer0601slayer0601
    Member
    @slayer0601
    Join Date: 2012
    Post Count: 3
    May 1, 2012 - 8:33 am

    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

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