Is it possible for a limited company to buy a redeemable preference share in a golf club
Don't see any reason why not, what is the golf club? a limited company? that could issue a RPS. BTW why a redeemable share?
and then for a director of that company pay the sub each year out of their own pocket.
Seems fine, it wont not be caught as a being a personal expense of a director
The idea is that the company owns the share (and therefore pays for it out of pre-tax profits) but the employees pay the subs only.
I don't understand this, what is it paying for out of its pre tax profits?