forlanssister 3,066 Posted November 1, 2012 Share Posted November 1, 2012 FFS. Don't you start now! They sold a business, not individual assets. The business needed considerable investment to allow it to continue trading. We're not talking about selling a house for £50K that was worth £300K. It's a loss-making company that has got cashflow problems. It goes into how you would value the business, which I'm not going to get into in this post, but if you look at future earnings then it could be argued that the price paid was reasonable. There's absolutely no reason to think that the sale of the business was an act of gratuitous alienation, particularly when HMRC are not claiming it. Let's remember that they opted for the less cash option. Do the liquidators have the power to declare the sale as an act of gratuitous alienation or is that a matter for the courts alone? I'm not being facetious it's a genuine question. 0 Quote Link to post Share on other sites More sharing options...
frost 0 Posted November 1, 2012 Author Share Posted November 1, 2012 Do the liquidators have the power to declare the sale as an act of gratuitous alienation or is that a matter for the courts alone? I'm not being facetious it's a genuine question. May be of interest I have just been directed to it. http://bit.ly/QX1iH6 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.