Not only did this facilitate ultimate disposal of particular business assets but also ensured that future capital gains tax would be minimised. With a team approach and our experience of dealing with complex corporate structures we were able to complete the transactions within a tight prescribed timetable. The nature of the transaction demanded close liaison and negotiation with various third parties including the bank’s lawyers, the liquidator’s lawyers, tax advisors and accountants.
Hugh Murrell commented “not only do you need to have the appropriate expertise in these situations but also be able to deal with other specialist professionals. Experience is a considerable advantage in these situations and helps to avoid a number of the problems that can otherwise arise with this kind of complex transaction.”