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Where Taxpayers and Advisers Meet

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by skc
Fri Sep 21, 2018 9:31 am
Forum: Company Taxation
Topic: SHARE CAPITAL REDUCTION WITH DIFFERENT CLASSES OF SHARES
Replies: 2
Views: 444

Re: SHARE CAPITAL REDUCTION WITH DIFFERENT CLASSES OF SHARES

Thank you
I forgot to mention that this isn't a trading company.
Is there any tax consequence for father havibg only received par for the share capital reduction when the value would be greater?
by skc
Tue Sep 18, 2018 5:50 pm
Forum: Company Taxation
Topic: SHARE CAPITAL REDUCTION WITH DIFFERENT CLASSES OF SHARES
Replies: 2
Views: 444

SHARE CAPITAL REDUCTION WITH DIFFERENT CLASSES OF SHARES

Father owns 100 A ordinary £1 shares and 50 B ordinary £1shares. Son owns 50 B ordinary £1shares. A and B shares have the same rights. There is no share premium account and the company value is approx £500k. The company wants to reduce its share capital by redeeming the A shares at par ie £100. Fath...

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