We have recently been dealing with a project in our Leeds office involving a company restructuring. The client was required to reduce his shareholding in the company as part of the arrangement for a seperate sale of shares in another company.
The situation was complicated by the fact that the company’s other shareholder did not want to obtain outright control of the company.
We proposed a restructuring that would enable the shareholdings to be equalised at 50:50 between the shareholders, thus achieving the desired reduction and commercial objectives. Importantly, we received clearance from HM Revenue & Customs for the proposed transactions and as such they should be achievable at a very low rate of tax with a significant saving over any other options for restructuring.
Eaves and Co Specialist Tax Advisors can help you with advice tailored to your specific needs.