Thank you, did initially look via HMRC but couldn’t see anything confirming it, would you be able to kindly tell me whereabouts I will find it? Thank you in advance
Thank you, why doesn’t everybody do this then? Thought there maybe some anti avoidance legislation stopping it
Wow, wasn't expecting that reply , definitely isn't an exam question just a tax person looking for some clarity !
Thank you. No, not a group, shareholding is 30%
Thank you, how about if the shareholders are companies and not individuals? There is no tax benefit as a dividend would not be taxed in the companies any way?
Yes fair point, it is the treatment in A that matters here, not sure if I am correct for each scenario in terms of the tax treatment?
Company B has ceased trading
Yes, it will continue as a care home.
Its not that, the investment is only intended for Company A, If they own shares in existing holding company they would then also own shares in the two other subs which is not the plan
I'm referring to CGT.
Yes the transferor and transferee are involved in the company owning 5% and 20% respectively.
The trade is an amusement arcade, land is arcade area plus car park.