Acuity Professional Advisers Ltd

How the scheme works

These arrangements are made available for implementation byCALandAPAL. The individual landlords incorporate their business as an LLP. The landlord transfers their rental properties, often with substantial accrued capital gains, to the LLP at market value. After a short period, the LLP is put into Members’ Voluntary Liquidation (MVL) usually withMJALas the liquidator. The properties are then sold to a limited company owned by the landlord or connected parties. The promoters of this scheme claim that noCGTis payable on the transfer of the properties to the LLP on the difference between their original cost and market value at that time. On the disposal of the properties by the LLP, there is a tax-free uplift, andCGTis only payable on any increase value while the properties were owned by the LLP.

Addresses

• APAL: Unit 2.02 High Weald House, Glovers End, Bexhill, TN39 5ES /CAL: 166 College Road, Harrow, HA1 1RA /MJAL: Suite 2 The Brentano Suite, Solar House, 915 High Road, London, N12 8QJ

Connected Companies

• Charterhouse (Accountants) Limited (CAL)
• MJ Advisory Limited (MJAL)