Director leaving ex Gratia payment taxable?

Director leaving ex Gratia payment taxable?

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Have a client where 4 directors are equal shareholders, and one of the director/shareholder is leaving the business.

Are there any circumstances under which an ex gratia payment could be tax free?

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By JCresswellTax
18th Feb 2014 14:00

Is it his decision to leave?

then NO !

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