We were told at the time that selling the limited company, and therefore the asset within, would reduce the tax liability to around 8 - 10% overall, due to a thing called "taper relief".
So, we just got a sale on the limited company and it now seems that "taper relief" may have "timed out" or some such. Obviously, we were not made aware at the time, that such a thing could happen.
Is this correct, or does taper reliefe still apply ad=fter a company ceased trading some 18 months ago?
Thanks.