By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts
Essential
These cookies enable our website and App to remember things such as your region or country, language, accessibility options and your preferences and settings.
Analytics
Analytic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
Thanks for the feedback. The shareholding is in 2 businesses, one of which is a development business which is about to crystallise shortly on the basis of a land development agreement. If planning approval is not achieved the agreement (and shares) effectively become valueless. In this...
Hi
I am looking to resign the directorship of a small limited company in which I own 33% of the shares.
If sale of the share capital results in a loss can this be offset against CGT and future income tax?
Would I still be considered to be a Connected Person if the shares are sold after...
Hi
I am looking to resign the directorship of a small limited company in which I own 33% of the shares.
If sale of the share capital results in a loss can this be offset against CGT and future income tax?
Would I still be considered to be a Connected Person if the shares are sold after...
Yes, but I am still a director of the business. My query was around if I resign as a director but retain share ownership I am no longer able to influence day to day decision making around how monies are dealt with inside the business. My understanding is that being a shareholder (without a...
My understanding is that as a director you can influence day to day decision making of the business but obviously also responsibilities. Whereas as a shareholder you are not as able to influence business decisions as such but benefit or not from the performance of the business.
Thank you for the feedback.
I am wondering if it is better to resign as a director of the consultancy business but retain the directorship and shareholder of the development company.
My concern is that if I am merely a shareholder and not a director of the development business they could pay...
Hi
I am in the process of considering leaving a business and would be very grateful of any advice.
I joined up with a couple of guys that I've known for many years and they had set up a consultancy and development business about 4 years ago. They approached me to join them about a year ago and...