Thanks for those constructive responses. I should have explained the company is a TV/film production company so will need to buy a variety of scripts to develop and produce.
The director certainly isn't looking to avoid income tax. But doesn't want to be disadvantaged selling the script to his own company compared to another.
I wasn't expecting a straightforward answer but those answers have confirmed I need to take more specialist advice given the complexities and different legal agreements and stakeholders involved!!
My answers
Nope, I am a fully qualified accountant. But always happy to admit there are things I'm still learning!
Thanks for those constructive responses. I should have explained the company is a TV/film production company so will need to buy a variety of scripts to develop and produce.
The director certainly isn't looking to avoid income tax. But doesn't want to be disadvantaged selling the script to his own company compared to another.
I wasn't expecting a straightforward answer but those answers have confirmed I need to take more specialist advice given the complexities and different legal agreements and stakeholders involved!!