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Thanks very much, Keith. Just one further question: what I'm really trying to find out is how much less than the current market value for my half of the business, I would stand to receive. (This will determine whether my parents keep or sell their 50% share.) Can you shed any light?
Yes indeed! I should have expressed my question better, though. I meant to ask if my parents should sell their share now - and take a big Capital Gains hit - or leave the share to me, in which case I'll take a big IT hit followed by a small income tax hit. I don't mind if they spend (some of!) the cash, just want to make sure our share doesn't all end up going in tax...