Shareholder capital reduction?

[Paralytic]

I'm not trying to, I was just interested in your thoughts.

Just go for it, we've said our bit, you've convinced yourself so fill your boots

[crossfirehurricane]

Ok looks like its not a good idea then Thanks!

[Iliketax]

Hi All,
Please can you tell me if my understanding is correct here:
1. I could convert some of my company's retained earnings into shareholder capital by issuing bonus shares in this company
2. I could then reduce the shareholder capital as no longer required, by passing of a special resolution supported by a solvency statement given by me as the director?
That would mean I could use £12,300 capital gains allowance to take some of the money out.

What's your thoughts?

It would be easier to just to pay a dividend. Both will be taxed the same way - s1026(2) CTA 2010