We have a private Ltd Co with a 100% owned subsidiary. The subsidiary (which has not traded for several years) has been voluntarily dissolved during the year and has distributed its remaining net assets (£7k cash) to the parent after paying its creditors. How do we treat this distribution for tax purposes in the parent? It's a realisation of its investment (£100) plus extra. They would meet the SSE criteria but does this kind of distribution fall within SSE scope?
Thanks in advance.