Case Study Four

A family approached us after taking advice on how to deal with assets in retirement. 

Selling the entire business was made difficult as the founder’s daughter currently worked in the business full time. 

The property was unencumbered and seen as inheritance to be shared between all the children. The founders also wanted to release equity to spend in retirement. 

Solution offered –

Fontmell offered to purchase the property. This released the full bricks and mortar value back to the founders. A new 25-year lease was granted to the business, giving the daughter and the family business security for the future.

The founders were able to make substantial gifts to the children, potentially avoiding future IHT (subject to certain conditions), as well as releasing capital that would otherwise have been locked-in to be enjoyed during retirement years.