Ok here goes, I would really appreciate any input.

We have a CC that "owns" a property, (smallholding that is used primarily for residential by 3/4 of the members of the CC) There is a small bond on the property in the CC's name and all members have signed surety.


Now we are in the process of selling said property.

I have come up with the following idea: The buyer simply buys each members interest and therefore acquires the property and the CC.

now for the Q's:

1. Does the buyer (a Company) pay transfer duty (he will be buying less than 30% of shares from any given member at a time)
2. Is the CGT regarded as normal CGT (ie. if a Member of the CC is retired, and the Income received from the sale of their interest is less than the bottom Tax bracket, will they be exempt from CGT?
3. How do we get rid of the Bond?
4. The CC is not VAT registered (oops) - should this be done before any of these transactions ?



That's it for now Thanks in advance to all....