I ****ed up on Sim 2 CAT Business Relief, said it was available to the daugher. Hope that doesn't screw me over. I suggested a possible IIP trust for Joe or wait until 55 and avail RR. Also mentioned no CGT on will transfer. VAT not applicable to property but can opt to tax to avoid CGS clawback.
Apologies for bringing this up again but this has been bothering me since the exam and from reading this attachment, and specifically the map on investment companies, does this not indicate that as the company was a property rental company and satisfied the conditions that it qualified as a trading company and therefore business relief would apply?