Your partnership can take advantage of rules on business property which was part of the shake-up of the UK's pension legislation which came into effect on A-Day, 6 April 2006.

Until A-Day, although you could use a pension to invest in a business property, regulations generally prevented you from buying, as an investment, a property already owned by you, your firm or an associated individual.  That included family members or other businesses under your control.

Now, existing business properties can be

A FAMily Buy Out

 "A financially efficient method of passing on a company to the next generation of family managment over a period of time."

 A FAMBO allows

• release of cash