Transfer of shares in family company
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Hi, can anyone give me some guidance? I look after a road freight company, which has grown considerably over the last few years. The managing director, who until now has been the sole shareholder, wants to transfer 49 of the 100 shares to her son, who is also a director in the company. Whether the shares are transferred as a gift or sold, their value will be deemed to be a capital gain based on the fair value of the shares, so CGT will arise. [Entrepreneurs' relief may be available too.]
Has anyone got any experience of this sort of thing?
Has anyone got any experience of this sort of thing?
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