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Will the existing co close having paid all its debts?
Rights to film will be transferred to subsidiary and then subsidiary split from parent as sole ltd and
mininal assets e.g. computers will be sold/also transferred
company does not have any debts
will be wound up
In which case, I can see no reason why you cannot dothis. There is certainly no reason in law why you cannot transfer from onecompany to another, any assets provided creditors and shareholders of theoriginal company are not disadvantaged.
I cannot think why you are doing it this way, but thereis nothing to stop you doing it. Except, as I have mentioned in the previousparagraph
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You have replied from a law perspective but not a tax perspective - will it affect any EIS claimable and or their tax loss claim?
thank you I await their reply
please continue to seek somebody
Maybe if I rephrase the question somebody may be able to help?
Will a shareholder be able to claim loss relief on losses made in their shareholding of a EIS company, if
a) the company is wound up using a standard members voluntary liquidation with a subsequent distribution in specie
b)a section 110 reorganisation
would like to know if both cases would qualify
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