Tax Credit and Shelf ownership

Y

Yazoo

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Let's say a person owns 100% of shares of the company he's a director of. He is a proprietary director.

Now, let's say that an Irish director sells all his shares to an LLC he's a director of. Would he still be treated as an proprietary director (since an LLC is a pass-through entity) or non-proprietary director (since it's a separate legal entity that acts under its own name and liability)?

What's your take on this?
 
Last edited:
Hmmm nobody knows? Perhaps I should contact revenue directly for answers
 
On the basis that you are still a controlling director no PAYE tax credit.
 
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