If two UK resident companies are under common ownership and one wants to sell it's trade to the other would it have to sell that trade at market value (in the same way that related individuals would have to) or would this be covered by the transfer pricing exemption for small companies?
The specific situation is that one company has two trades. They're seeking an SEIS investment in the newer trade (15 months old) but their existing company doesn't qualify due to the existence of a former trade (now ceased but over 10 years old). The solution would be to transfer the new trade to a new company but this wouldn't work if that gave rise to a chargeable gain in the old company.
Any thoughts much appreciated.
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