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Company being sold - bonus
loftty_2
Posts: 52 Forumite
Hi,
Sorry if I am in the wrong forum.
The company I work for are buying the shareholders out, which should happen anytime soon. In the contract between my director and the other shareholders is that I receive a 5k bonus from 1 shareholder & the director. Should I receive these straight away when the deal is done/signed? do I get taxed on this?
Any info on this would be appreciated.
regards,
Loftty
Sorry if I am in the wrong forum.
The company I work for are buying the shareholders out, which should happen anytime soon. In the contract between my director and the other shareholders is that I receive a 5k bonus from 1 shareholder & the director. Should I receive these straight away when the deal is done/signed? do I get taxed on this?
Any info on this would be appreciated.
regards,
Loftty
0
Comments
-
I have no idea when you would get it and yes it would be subject to Tax and National Insurance."You've been reading SOS when it's just your clock reading 5:05 "0
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