Liquidating my company via MVL. I am 80% share holder, my wife 20% with hers being ordinary-b shares with dividends rights.
Based on the advice I recieved from my accountant, she is not entitled to capital distribution as per the shares allotment document on company house, it only mentions her right to dividends.
However, the liquidator now is in charge, and they refuted that saying that it's within my right as a director to decide if I want the capital to be distributed to her as a shareholder, and that nothing in her shares restrict her from receiving capital distribution.
I am very happy for the capital to be distributed to the both of us, so hopefully we can both benefit from CGT allowance.
Looking for some advice please.
Based on the advice I recieved from my accountant, she is not entitled to capital distribution as per the shares allotment document on company house, it only mentions her right to dividends.
However, the liquidator now is in charge, and they refuted that saying that it's within my right as a director to decide if I want the capital to be distributed to her as a shareholder, and that nothing in her shares restrict her from receiving capital distribution.
I am very happy for the capital to be distributed to the both of us, so hopefully we can both benefit from CGT allowance.
Looking for some advice please.
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