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In the view of HM Revenue & Customs, stamp duty is payable by the person taking over ownership.
However, it had always been felt that his role would be temporary, with a younger person taking over in the long term.
An announcement is expected at the middle of next month for both posts as well as for the person taking over the vacant co-head of independent drama commissioning role working alongside incumbent Lucy Richer.
"Four months before taking the job, I had told a friend that I pitied the person taking over," he said in advance of his planned announcement on Thursday that he would retire as president and chief executive at year's end.
"The person taking over has learned from him and learned from his experience and has a similar feeling for the club as the previous manager had".
Eventually, this would culminate in the person taking over all financial decision-making and responsibilities like purchases, bill paying, taxes, and investment decisions.
Similar(53)
At night, another person takes over – also working a 12-hour shift.
"Every time a new person takes over, everyone beneath them has to get used to the new strategy," he said.
I think her overriding sense of being a nice person took over, but she said later it was a little weird.
This is how I imagine humanity would respond to finding a whale on a beach, or the second coming: that moment of wonder and confusion, before some dominating person took over and told everyone what to do.
"Having one person take over the finances disempowers the other and can lead to resentment, blame, communication breakdowns and misplaced assumptions about how bills are getting handled," Mr. Faupl said, adding that credit counseling agencies can also lend a helping hand.
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