Transfer of a company and issues of shares
M owns 100% of F Ltd and 100% of O Ltd.
M wants to move F Ltd so it is wholly owned by O Ltd. M also wants to issue shares to P and to T so that the ownership of O Ltd is M 34%, P 33% and T 33%.
Neither F Ltd nor O Ltd have ever traded, they have no value in them and neither is more than 18 months old.
Is there a better order for these transactions?
i.e transfer the shares of F Ltd to O Ltd and then issue new shares in O Ltd or
issue new shares in O Ltd and then bring in F Ltd as a wholly owned subsidiary?
Anythin else to watch out for?
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- Spousal transfer and PPR 497 16
- Best Tax / Accounts Production software 264 5
- Is my client risking reputational damage? 66 4
- VAT on commercial property 80 3
- Rogue Accountant 2,970 49
- Performance measurement within accounting practice 219 4
- deceased creditor 135 5
- Corporate member of LLP 267 1
- Investment company 258 6
- Error or mistake in CT return 324 1
- Penalty on dormant CT600 prior to trading 199 1
- HMRC computer behind the times 360 3
- Sage & IRIS Payroll Employee ID. Problem Using Old Ee ID's? 91 1
- Transfer of stock 355 12
- Holiday entitlement 544 10
- Benefit in kind calc, s.106 ITEPA 340 7
- HMRC manual ESSM 191 1
- Extension of lease in flat management company 250 3
- Football Agent Fees 742 23
- Services via intermediaries and new HMRC reporting requirements 779
- RTI - duplicate employee record 526
- Pensions Regulator 443
- How hard is it to reduce a code? 401
- Sage Vat return box 2 302
- Sanzar 301
- Digital marketing focus group 282
- How do you do it 270
- Report old income 235
- Kashflow balance sheet difference 235