W H SPORTS

will 9p a share cover tax owing to above company, taking in to account tax will be payable on the sale of the said shares at 9p was it 375K owing by W H SPORTS???

Baz is this actaully a sensible post from you

Im shocked

I had a second look to make sure it was Baz that sent it!!!

I'm not sure what the tax situation is, but I'm sure the majority of people would rather pay less tax than more - or at least put it off if they could!

I think Ridsdale paid around 11p a share for his shares, so if this 9p offer is accurate he will have made a loss on the shares I think.
It won't be taxable, as he will have made a loss so theoretically he could offset it against his personal tax.

Actually having said that, it's alleged he 'bought' shares from WH Sports in his own name for a small amount - so in that case I would have thought he paid a lot less than 9p and may well have to be taxed

In other words, I'm not sure

I'm not sure what the tax situation is, but I'm sure the majority of people would rather pay less tax than more - or at least put it off if they could!

I think Ridsdale paid around 11p a share for his shares, so if this 9p offer is accurate he will have made a loss on the shares I think.It won't be taxable, as he will have made a loss so theoretically he could offset it against his personal tax.

Actually having said that, it's alleged he 'bought' shares from WH Sports in his own name for a small amount - so in that case I would have thought he paid a lot less than 9p and may well have to be taxed

In other words, I'm not sure

Ridsdale paid for his shares

Next joke please

Ridsdales 10% would be worth around £360,000 (before tax )

WH Sports owes a net total of £387,407.82

so are you all saying if the riddler sells his shares at 9p it wouldnt be enough to pay off his tax bill for his tax dodge company ?

so are you all saying if the riddler sells his shares at 9p it wouldnt be enough to pay off his tax bill for his tax dodge company ?

On the face of it no. Also remember he is £20,000 out of pocket for buying the shares in the first place.

oh dear poor man how will he survive ? LMFAO

Bankruptcy ahead for The Riddler?

Give him a job cleaning the bogs at the house of sport to earn the shortfall

Bankruptcy ahead for The Riddler?

and has his bonus's be taxed maybe on a self employed basis, or did he have them on paye???? lots of questions for you guys

Bankruptcy ahead for The Riddler?

and has his bonus's be taxed maybe on a self employed basis, or did he have them on paye???? lots of questions for you guys

I believe the original £500,000 bonus in 2007 was paid through WH Sports in cash which was converted into shares. I assume Ridsdale should have paid tax then on that bonus but it it appears that he didn't.

He was an employee of CCFC paying PAYE when he received his £100,000 bonus last year and should have passed the 40% tax onto the HMRC, but of course we know he didn't.....