This article was first published in Trusts and Estates Law & Tax Journal (November 2017) and is available on www.lawjournals.co.uk.
It is not unusual for trustees to hold shares in private companies whose activities may range from a single purpose vehicle owning real property to a multi-national trading business. It follows that there will be times when trustees will consider a sale; there are any number of reasons for this but commonplace reasons are to realise value from an investment, to allow the trust to make substantial distributions or to diversify or otherwise de-risk trust assets.
Anthony Turner and Adam Carvalho give the lowdown on the sale of corporate assets by trustees. You can read the full article here.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, November 2017