CAT Business Relief and Leasing

Ned_ie

Registered User
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450
Hi all

Does anyone know if business relief is clawed back if the business is leased post inheritance?

any help appreciated.

TIA
 
Was afraid you would say that - have a situation where the person who inherited the business is simply too young to run it and wants to return to college. But if they lease it then this will trigger a clawbck - any chance our friends in revenue would make an exception!!!!
 
The may be an opportunity to form a company and convert the assets to shares and get in a manager to run the business.

Seek professional advice.
 
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