How to remove dormant parent company? | AccountingWEB

How to remove dormant parent company?


I have a client who created a dormant parent company last March (before they were a client) and continue all their trade in one subsidiary.  They now want to simplify and we are still within the first year of the parent structure.  They want to strike off the parent company just leaving the trading sub. 

How do I go about this?  Do I have sell the parent shares to the sub and does this create a potential capital gains situation?

Any advice much appreciated.

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gbuckell |
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