Thanks for the prompt response appreciated. I was a founder of the company therefore the shares were allocated. I'm also retaining a 5% share in the company, following this sale. I
Sorry on the value, I believe they have a nominal value of £0.001
Perhaps I need to send you all of the paperwork to review. How much would that cost Sam because I can see this may open up a can of worms?
I've not taken a salary out of the company during my employment period. My income to date, has been based on my own personal savings, plus some pensions, where tax is deducted at source.
I'm basically signing over my shares at a nominal rate to allow them to raise additional capital, which has not been raised yet. This way protecting my remaining investment (5%).
I'm signing a compromise agreement as part of my leaving the company, which covers the historical monies owed in respect of my salary and other expenses. This is separate to the share sale.
I've already had a law firm review the compromise agreement, therefore have that covered. It's the tax aspect of the share sale I'm concerned about and just wish to ensure I get this right.