VAT and transfers of a going concern

In his latest Tax Journal article, VAT and transfer of a going concernKevin Hall provides advice to the owner of a restaurant regarding the sale of the business. The business is held among several companies within a large group, but the sale will not be made by way of shares: the business assets will each be sold to the purchaser. The group holds various assets of the business, including stock, tables, chairs, tills and the premises. The group companies are all registered for VAT. The purchaser is insisting that there should be no VAT charged on the supply of these assets as the sale qualifies as a transfer of a going concern, but the position is so complex it is difficult to be certain.