A shareholder in a close private ltd has left his shares in his will and stated that "the shares should be administered in such way as to allow a payment of £x to be made to Y within 3 years".
What is the most tax advantageous way to make such a payment? Can a new share type be set up & Y is the only share holder? Can Y be issued redeemable shares which are then purchased by Ltd for £x at future date?
The ltd deals in high value goods, what would the tax implications be if Y were given items of stock? Would this have BIK implications?