The provisions of Section 179 – 186 Taxes Consolidation Act (TCA) 1997 examine the following scenarios:
- The departure of a disgruntled shareholder.
- The retirement of a controlling shareholder who wishes to stand aside and make way for new management/the next generation.
- Situations where one shareholder wants to continue carrying on the trade while the other shareholder would prefer to exit the business and the company has the necessary funds to buy back its own shares.
- Access to company surplus funds as part of succession planning
- An outside shareholder who initially provided equity finance but who now wants the return of that finance.
- A marriage break-up, etc.