Business Asset Trust (BAT)
Overview:
The Business Asset Trust (BAT) is designed for transfers of assets out of a company or for the selling of shares to shelter the Capital Gains Tax (CGT) liability. This structure can be established for the benefit of all the officers and employees of the company and can the asset can be retained as a long term investment.
The trust fund / assets will be potentially outside the individual shareholder’s estate for Inheritance Tax (IHT) purposes.
Corporate Assets can be property, shares, intellectual property, cash or any other asset held on the balance sheet.
Business Asset Trust (BAT) – Key Benefits
- Exports shares/assets with no tax charge on the initial transfer and no gains should arise on their eventual disposal
- The trust fund / assets will be potentially outside the individual shareholder’s estate for Inheritance Tax (IHT) purposes.
Business Asset Trust (BAT) – Available To
Limited Companies and Limited Liability Partnerships or individuals that own a property that is being used for business purposes.
Call us to discuss your requirements on 0871 789 9988, or click here to contact us.
