An entrepreneur sold his shares in a media company with instalments of the seven figure purchase price being paid over a number of years. There was a dispute about the tax treatment by the company of payment of instalments, the calculation of the balance in his director’s loan account and the conduct of the company pending the final payment. Both company law and tax expertise were needed. The way forward was resolved in a round table meeting with the barrister, a forensic account whom chambers had recommended and the entrepreneur’s legal advisor from abroad.
