Hi,
I discussed this briefly with the accountant but to be honest they are not a tax expert.
They mentioned something about allowances, retirement and a couple of other things to be careful for when doing the restructuring but gave the impression they did not seem to know the execution very well.
If our current company which would become the operating company and for arguments sake it has a value of say 40K
If we transfer the ownership from say 100% me to the holding company then I may have to pay CGT on the disposal of shares in the operating company and I understand there is some allowance for me to avail of to neutralise this.
This is what I was hoping to speak to the tax advisor about and the other possible implications on retirement, entrepreneurs relief in the event of a sale of the operating company - then the steps required to execute this to avoid any mistaken future tax liability
thanks
John