We are seeking a UK tax specialist for a consultation regarding the tax implications of removing a shareholder from our UK business. Specifically, we need advice on writing off a director's loan and the associated tax treatment.
Key areas of focus:
Tax treatment of writing off a director’s loan Implications of shareholder removal (50/50 ownership, now sole director) Relevant UK corporation and income tax considerations Impact on UK tax obligations for owners living abroad
We are looking for an expert with experience in UK corporate tax, shareholder transactions, and international tax for UK business owners residing overseas.
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