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?
- Limited Companies, Directors Employer Registration P11D 128 3
- Scams are not always obvious 667 19
- RTI, no payroll but BIK 92 1
- P60 from HMRC Basic Paye Tools 85 2
- VAT on long lease in comercial property thathas opted to Tax 77 3
- Related party disclosures 161 3
- Input vat on my fees after deregistration 170 2
- Charity Buildings and Zero-rated Vat 65 1
- Auto Enrolment, Payroll, Small Client Advice and what to charge? 601 17
- 100% FYA, do I have to cliam all of it in 1 year? 200 4
- Vat query - EU customer requesting invoice without charging vat 239 8
- Is this legal? 607 9
- Market Value/Connected Persons 178 7
- Saying NO to a time wasters 1,980 23
- Cells from many sheets 122 2
- Taxation of rental income 190 4
- notice of consent by surrendering company group relief 134 6
- Childcare vouchers 95 1
- Directors loan 1,402 9
- Expenses allowable against income from lodger 136 1
- New Fangled Penalties 1,040
- Moving away from CCH software 900
- Recruitment agencies 525
- QROP pension input amounts 409
- write off loan or loan to equity swap or both 361
- Deemed Employment Payment 342
- HMRC BENCHMARK EXPENSES 306
- Unused Losses and Post Cessation Receipts 297
- EIS relief on transferring shares to spouse 216
- fraud 210