Freehold property dispossal on cessation
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Ryan Mundy MAAT
Registered Posts: 22 New contributor 🐸
Happy New Year!
My client is a sole trader. He is retiring and gifting his business to his son as a going concern.
The business property is privately owned by the father, but listed on the balance sheet at £18k (1979). He does not plan to transfer the property to the son.
How should I deal with the property on cessation?
Thank you
My client is a sole trader. He is retiring and gifting his business to his son as a going concern.
The business property is privately owned by the father, but listed on the balance sheet at £18k (1979). He does not plan to transfer the property to the son.
How should I deal with the property on cessation?
Thank you
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