Mr.and Mrs.Leon would like to transfer their family business to their son.However,their son does not have the required funds to purchase the company at this time.Which of the following can the Leons chose to do in order to make the transfer possible without any immediate tax effect for themselves?
A) A sale of their shares to their son
B) An amalgamation
C) A reorganization of share capital
D) A wind-up
Correct Answer:
Verified
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