You should arrange for your loan to be converted into Shares as soon as possible.


The your loss will be offset your taxable income rather than future Capital Gains.

Dennis

Taxesclear Ltd

07802704840

Matt

What exemption are you looking for

Rents will be subject to Corporation Tax

Dennis Taxesclear Ltd

07802704840

I am happy to assist

Google me Dennis Wren Tax

There you will see my experience.

Dennis Wren

+447802704840

She can pay into an unapproved scheme

No tax relief on going in but tax free growth

Dennis

Taxesclear Ltd

07802704840

Basic response

Second death

890 Value

Two Nil rate bands 650

Tax 40% on240K

96K

Dennis

Taxesclear Ltd

07802704840

The chargeable event exist within the estate/

The notional tax suffered satisfies any liability from the Estate

Dennis Wren

07802704840

Taxesclear Ltd

Yes

They are now treated as any other shares

So a company split is not repoertable

Dennis

Taxesclear Ltd

07802704840

In my opinion any unquoted share in a trading company has a nil value.

If there is cash in the company i would use this as the value

Dennis

Taxesclear Ltd

07802704840

The use of a discrectionary trust may be appropriate in this respect where the transfer is free of tax

The trustees can be other members of the family

Dennis

Taxesclear Ltd
07802704840

The transfer to the company will incur a Capital Gains tax liability.