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Blonde Accountant


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Director being given shares-tax implications
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Hello,

 

I don't know if anybody could help, one of my clients was a small company with 2 50/50 shareholders/directors. Back in July last year, they made an employee (who is the brother of one of the directors) a director. They really want to give him shares and make the company a three way equal split. Because he is family can this be done without any tax implications at all?

 

Many thanks

 

Nicola 



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Nicola
Cheshire


Master Book-keeper

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If only! They would all be at it!

Although - look up gift hold over relief which helps on timing.

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Blonde Accountant


Senior Member

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Posts: 104
Date:
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Hi Joanne,

Thank-you the gift hold helps :)

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Nicola
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