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Termination Payment query: I have a company client (oldco) that is owned by a husband and wife 50:50. Their son is also a director with no shares. They have set up a new company (newco) 40:40:20, with 20% owned by the son. If the son ceases to be employed by oldco and ceases to be a director of oldco can he claim a Tax Free Termination Payment from oldco and be employed by newco in 2013? The activities of oldco and newco are similar. Thanks

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Posted by (Questions: 159, Answers: 11)
Asked on 4 January 2013 4:30 pm
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