Company's with directors in common - CT payable?

Company's with directors in common - CT payable?

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By Fran001
21st Jul 2011 12:13

Thank you & apology

 

 

It would seem the body of my question was not posted - a web error I have since discovered. So to clarify, the director in question is also a joint shareholder of three companies, one of which is expected to make a profit close to £100k this year. Of the other two, one makes a loss and the other a small profit <£20k.

He was concerned about the CT implications of setting up a fourth company with a third party as we do not wish to tip over in marginal rates. I have since discovered reform rules in current Finance Bill and also ESC C9 and it seems pretty clear as the trades are very closely associated that even being a minorty share holder would mean treatment as associated companies, if I have understood correctly.

Thanks for all the replies, much appreciated, even with such limited info!

 

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