This may be a very dumb question and I may get a barrage of abuse but...
Everyone has a £8,800 CGT personal exemption allowance. What is to stop me making good use of this by selling 1 of my company's shares (bought for £1 each) for £8,801, back to the company? -- Effectively extracting almost 9k from the company tax free.
Everyone has a £8,800 CGT personal exemption allowance. What is to stop me making good use of this by selling 1 of my company's shares (bought for £1 each) for £8,801, back to the company? -- Effectively extracting almost 9k from the company tax free.
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