Trading company also owns 100% of a residential property investment company.
main trading company makes 80k per annum and has cash reserves of 200k
Property investment company (owned by main trading company) owns 2 residential properties.
Because trading company also owns an investment subsidiary, does this mean that when trading company is liquidated (due to retirement) that ER will be denied on capital distribution of the trading reserves?
Obviously the property company won't qualify for ER, but unsure about whether the shareholder of the trading company Will get ER on the capital distribution when winding the trading company up.
Anyone shed any light?
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Yes no maybe
You need the rest of the lyrics:
"Yes, no, maybe
I don't know
Can you repeat the question?
You're not the boss of me now
You're not the boss of me now
You're not the boss of me now and you're not so big
You're not the boss of me now
You're not the boss of me now
You're not the boss of me now and you're not so big
Life is unfair"