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is Clearance needed to set up holding company?

Clearance for holding co.

Limited co. Client has accumulated a large cash balance which it wants to protect by setting up a holding company - is HMRC clearance required for this?

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15th Jan 2019 07:31

Clearance is for peace of mind that the share transfer will not be treated as a disposal for CGT purposes. You don't have to do it but it is recommended.

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