TOBIs apply when one of your investors is transferring their shareholding in the SPV to another investor who was in the SPV, or to another investment entity owned by them.
If a situation arises which constitutes a TOBI, please inform Odin’s Customer Support team, who will reach out with next steps.
TOBIs are charged at 1%, or a minimum £250 fee for each investor, whichever is higher. Stamp duty, if applicable, is deducted at close from Odin’s fee. Effectively, it is paid by the buyers in most cases.