Director employed in Company A
Director owns minority share interest in Company B
Company A wishes to aquire the shares of Company B held by the Director
Company A has agreed the rice (500K) for the purchase of shares but as yet , no formal contract has been signed between the parties
As at 31/12/18 Company A has "loaned" Director 40K on the basis of anticpated share sale transaction
Question: Must this apparent "loan" be disclosed as DLA or is there any option to disclose as a prepayment against the anticpated share purchase ?