Our client owns 70% of a private limited company that manufactures and sells garden furniture. The company has a rental lease in respect of the premises from which it trades as well as a small commercial unit next door which it rents out commercially to a third party. The company bought the trade and the trading assets from a third party in 2005 paying £200 000 for the goodwill and £500 000 for the other assets including machinery and stock. The rental property is worth about £150 000. It is considered that the goodwill is now worth about £700 000. Our client wants to give 15% of the company to his daughter but wants to ensure that he does not incur any tax liabilities as a result ...