purchase of own shares

Hi

Has anyone dealt with the tax and companies house procedure/mechanics regarding purchase of own shares by unquoted trading company within section 209 ICTA 88 (treated as distribution, not capital). I should be grateful for any advice/guidance in particular to what paperwork is involved, whether any HMRC clearance required and if shares need to be properly valued. The shareholder whose shares are bought out is non-UK resident individual.

 

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POS procedure

Novakova |
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