Share buy-back
Finchy01
Registered Posts: 12 New contributor 🐸
Hi All,
I am after some advice on how to deal with 'Share buy-backs' as I have not come across this issue before.
Ltd Co with 2 x£1 ordinary shares and 2 directors. 1 director has resigned and left the country to live in Turkey and the Ltd Co is paying a nominal amount to him each week for the purchase of his 1 share.
What are the tax implications of doing this? Is there any documentation required?
Any expert advice is greatly appreciated!!
I am after some advice on how to deal with 'Share buy-backs' as I have not come across this issue before.
Ltd Co with 2 x£1 ordinary shares and 2 directors. 1 director has resigned and left the country to live in Turkey and the Ltd Co is paying a nominal amount to him each week for the purchase of his 1 share.
What are the tax implications of doing this? Is there any documentation required?
Any expert advice is greatly appreciated!!
0
Comments
-
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 324 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 94 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership