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Hello. We as a business are closing down and selling our land to a developer. The business owns 1 building and my father the other. The money that we get will need to be split between my mum and dad, my brother and myself. I think that the business….eg me, will get entrepenure relief at 10% but my dad will incur CGT at 28%. is their any way of reducing this part of our collective monies and also are their any other taxes needed to be taken into account like VAT? Many thanks |

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    UKtaxadvisor/Expert

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    Thank you for contacting us – an interesting query but we do need more information to be able to help you properly. We have emailed you directly. Entrepreneurs Relief is very valuable so should be claimed where possible!

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