CGT base cost is below subscription value due to rollover relief claimed on incorporation.
Reduction of share capital under Companies Act 2006 will therefore give rise to a CGT gain.
Are there any reasons why reductions of share capital should not take place on different occasions in different tax years to take account of annual exemptions
Replies (1)
Please login or register to join the discussion.
I am sorry but don't see the issue
reduction of share capital would just be paper for paper wouldn' t it?
I don't think that triggers a gain