My client has LTD company, which is shareholder in another company, that is based in Poland.
In accordance with Shareholders Resolution of Polish company, my client wishes to contribute to the Reserve Capital of Polish company. According to the tax advisor this is optimal transaction. I am wondering, as accountant of the LTD company, how to proper book such a operation. Could you help me with this?
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It sounds like an investment in a subsidiary. What's the % shareholding that UkCo has in PolishCo?