I have a dormant CC which owns a property. I wish take the property out of the CC and transfer it into the member's own name, and then liquidate the CC. This would require selling the property to the individual. Problem is that the CC will then have cash which needs to be distributed. Is there a type of capital distribution that can apply ( I believe there is such a system in Canada for example). In other words, since the distribution is in respect of the proceeds of a fixed asset and not as a result of a trading profit, can this be distributed without DWT. (the member has owned the CC for along time, and the land has been owned by the CC for a long time. The land was bought with a particular purpose in mind, but this is no longer possible, so the whole project is to be scrapped.