Immigration Rules 245D

Hello,

Just as this has come to my notice at the very urge of a potential buy out of another business, I see immigration rules 245D and it says;

(ii) 'Invested’ or ‘spent' excludes spending on:

(1) the applicant’s own remuneration
(2) buying the business from a previous owner, where the money ultimately goes
to that previous owner (irrespective of whether it is received or held directly or
indirectly by that previous owner) rather than into the business being
purchased (This applies regardless of whether the money is channelled
through the business en route to the previous owner, for example by means of
the applicant or business purchasing ‘goodwill’ or other assets which were
previously part of the business.),
(3) investing in other businesses, and
(4) any spending which is not directly for the purpose of establishing or running
the applicant’s own business or businesses.

https://www.gov.uk/government/uploads/s ... art_6A.pdf

Does this mean we can not invest by means of buying shares in another company? And, can we not buy the whole company from previous directors, in which case previous directors make a capital gain?


I would appreciate any clarifications and opinions

Regards,