Hi there it is a city bar restaurant business on a leasehold basis.
I am about to make an offer for the business so am calculating my potential return.
You are my first port of call, I have a tax background actually but am out of touch!
Hi thanks for the answer.
I don't think the business could be sold as a going concern as the leasehold expires in 6 years. Therefore ER would not be an option in that regard.
I am 29 so would want access to my cash before 55 so pension not of interest.
I'm very interested in the possibility of a liquidation and subsequent capital distribution. Would the ER still apply as the ONLY asset on the Balance Sheet at point of liquidation would be the cash bank balance which would have been rolled over each of the 6 years? I thought cash was a non-qualifying item for ER?
PS your link to ER was actually PPR on the Revenue manuals :)