Question asked:

0
0

Dear Sir/ Madam Our client is one of three directors of a company. They are in the process of selling the company. His family own 300 of the 900 issued ordinary share capital of the company. His wife and him own 75 shares and his three children own 75 shares each. He is 71 years of age. The company is expected to sell for €2.05m. So this equates to his wife & him and each of his three children getting €171k approx each. He is a director of the company for the last 15 years but not his wife.So are both entitled to the retirement relief on their share of the sale proceeds? Also how best can the children reduce their CGT liability or is there options available to escape CGT by investing their proceeds?. Thank you Seán

Marked as spam
Posted by (Questions: 22, Answers: 1)
Asked on 30 November 2017 12:54 pm
101 views