Transfer of business into UK succession trust
This matter involved advising a UK resident and domiciled entrepreneur on settling shares in his trading business into a UK trust to allow family succession, including:
- the application of business property relief
- the use of hold-over relief or Entrepreneurs’ Relief
- the tax implications of restructuring the companies settled and when this should happen
- the effect of links with companies not settled on trust but owned by the settlor
Jonathan has built an enviable international practice, and is the first port of call for many advisors in the UHNW space thanks to his detailed knowledge and experience, his commercial approach, and his ability to deliver results every time he is instructed.
Jonathan Colclough
Partner