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Can a normal limited company buy PLC shares?

TallyRand · 2019-10-06 23:35:49

I know the answer to above is yes but I mean if I as a director use company profits to invest in blue chip stocks would the company be liable for CGT on dividends? Or is it possible for the ltd company to buy and gift the shares / dividends to a director without “The Man” having another dip into my hard earned Or is it…

07-10-2019 12:35am

#1

TallyRand

Registered Users Posts: 222 ✭✭

Join Date: January 2014

Posts: 206

I know the answer to above is yes but I mean if I as a director use company profits to invest in blue chip stocks would the company be liable for CGT on dividends?

Or is it possible for the ltd company to buy and gift the shares / dividends to a director without “The Man” having another dip into my hard earned

Or is it simply the case where I should take the tax hit by drawing out as salary or bonus and then using the leftover to invest?

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#2 07-10-2019 12:57am

Victor

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Join Date: December 2000

Posts: 68853

TallyRand wrote: »

I know the answer to above is yes but I mean if I as a director use company profits to invest in blue chip stocks would the company be liable for CGT on

CGT applies to capital gains, typically when an asset is sold. Dividends are subject to dividends withholding tax an then income tax and PRSI in the usual manner.

What do your articles of association say about acquiring shares in other companies.

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