A company's issued share capital consists of 1,000 1 ordinary shares, held as follows: (a) Is the

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A company's issued share capital consists of 1,000 £1 ordinary shares, held as follows:

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(a) Is the company a close company?

(b) Would the company be a close company:

(i) if David were Jacqueline's brother, or (ii) if Emma married Ian, or (iii) if David were Jacqueline's brother and Emma married Ian?

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:28 AM

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A company's issued share capital consists of 1,000 1 ordinary shares, held as follows: (a) Is the

Question:

No of shares 200 50 David Emma Frederick Jacqueline George Others (1 share each) None of the shareholders are associated in any way and no shareholder is also a director. Helen lan 100 50 No of shares 50 30 40 480

Step by Step Answer:

a The five largest shareholders own 45 of the share capital so the company is n...View the full answer

Taxation Finance Act 2017

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