COMPLEX SHARE DEAL: DO YOU KNOW THE RIGHT WAY?
HCO LTDI S OWNED BY TWO DIRECTORS: AND OWNS 100% OF SUBCO LTD.
THE COST OF SUBCO'S SHARES WAS THE VALUE OF HCO ON INCORPORATION AND WAS THE CAPITAL INJECTED INTO THE BUSINESS ON COMMENCEMENT/INCORPORATION BY THE TWO OWNER DIRECTORS(WHO OWN THE SHARES OF HCO)
THE SHARES COST £250,000.
THEN :THE DIRECTORS WANTED TO WIND UP HCO AS IT HAD NO ROLE OR COMMERCIAL PURPOSE.
THE DIRECTORS SHARES IN HCO WERE TECHNICALLY WORTH 250,000
ONE DIRECTOR RECENTLY MARRIED AND WANTED TO LOCK IN THE SPOUSE (WITH LIMITED RIGHTS) SO SUBCO ISSUED FIXED DIV PREF B SHARES TO THE SPOUSE WITH NO VOTING CONTROL FOR NIL CONSIDERATION.
HOW IS THE VAULE/COST OF THE HCO SHARES LOCKED INTO SUBCO SO THE DIRECTORS HAVE SOMETHING TO SELL IF THEY FIND A BUYER?
OR WILL THE HCO SHARES BECOME WORTHLESS? WHILST THERE WILL BE TRADING ASSETS IN SUBCO?
CAN THE SHARES(AS THEY ARE THE DIRECTORS INVESTMENT IN SUBCO(THROUGH HCO) BE VALUED AS INHERENT PURCHASED GOOD WILL IN SUBCO?
- Use of home deduction 48 2
- Death of taxpayer - personal allowance 58 4
- Tax return filed on time but payment late 286 5
- Company dividends 139 7
- Pounds Shillings and Pence 219 8
- how to reduce student loan payments - taxfiler 268 8
- state pension statement 375 7
- Notice of Coding 0T but not Month 1 221 6
- When is golf coaching a vatable supply? 103 1
- Worried over stock value 299 7
- RTI Annual Scheme 1,348 25
- SA1 Online 158 2
- What tax to pay 243 3
- Writing down allowance / AIA 240 8
- Backdate C79? 195 3
- Sole Trader using Tax Losses 344 15
- Companies House late filing penalties 2,253 77
- NO HMRC PENALTY 139 1
- EBT via Payroll 144 1
- anyone using Office365 for practice management 888 24
- Form MR01 (Particulars of a charge) - does this need to be filed if you remortgage with the same lender? 837
- Copy Wanted 564
- Underpaid VAT assessment and relation to SATR 515
- Did you realise Google will not patch android exploit ... 497
- Latest phishing scam 361
- Entrepreneurs' relief 338
- Supply teachers and Ltd Companies 299
- Cashback for opening business bank acct = trading income? 294
- Corporate LLP with 30 June Year end - How to record on SA800? 286
- Auto Enrolment Questions Answered 191