Does £25k limit on s1030A capital distribution include shares?

Client has £30k ordinary share capital and has already disposed of all assets and distributed most of the retained profits. He is therefore left with £30k cash and £30k share capital. When the company is dissolved does the repayment of share capital still count as a capital distribution under a1030A as it exceeds the £25k limit?

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No

Steve Kesby |
Steve Kesby's picture

Yes when the company is

johngroganjga |
johngroganjga's picture

"But be careful that the

tsp.Shaun |
tsp.Shaun's picture

If the effect of making the

johngroganjga |
johngroganjga's picture