A company's issued share capital consists of 1,000 1 ordinary shares, held as follows: None of the

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

None of the shareholders are associated in any way and no shareholder is also a director.

(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 also married Ian?

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 07:00 AM

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A company's issued share capital consists of 1,000 1 ordinary shares, held as follows: None of the

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a The five largest shareholders own 45 of the share capital so the company is no...View the full answer

Taxation Finance Act 2023

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