Would appreciate any advice anyone has with regard to discounts on private company shares. Private property investment co, small number of shareholders - family members and a couple of trusts, the beneficiaries of which are certain family members. The trustees of one of the trusts (trust A) hold 27% of the issued share capital. Co has been valued on a net asset position and the trustees of Trust A have been advised by the accountant that the value of their holding is simply 27% of the total Co value.
The Trust will shortly have a 10 year charge, and I wonder if, in this context, there is scope for applying a discount to the accountant's figure? The potential IHT is substantial, so looking at how we might sensibly batter this down.
Has anyone successfully argued for a discount in similar circumstances?
Many thanks in advance
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