.png)
.png)
26 April 2011
Sale of shares at undervalue; only or main residence relief on disposal of land; dispensation for travel costs; rate of VAT applying to Swedish architect
Share scare
Our client owns all the shares of a trading company. He has no involvement in the company’s day-to-day operation and is therefore very receptive to interest expressed by the management team in acquiring it.
The price offered is approximately half of what it is generally accepted that the company would be worth if it was to be sold on the open market and this has been confirmed by outline interest expressed by third parties.
However the offered price is acceptable to our client for the following reasons.
- He has other significant financial interests and so maximising the value he receives for the company is not a concern.
- In the current economic climate the price offered reflects the maximum funding that the management team can source.
- Having run...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
