Alphabet shares

Alphabet shares

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We currently have a client with the following share structure:

A Voting shares
Dad 50

Son 50

B Non-voting shares

Son 100

The non-voting shares have been issue for several years and are effectively used to pay the son a "salary".

Now the family plan to:

Dad to sell 25 voting shares to son for market value. Thereafter it will be 25 Dad/75 Son.

However, in order to maintain their dividend income requirements it is proposed to issue some C Non-voting shares to Dad.

Do you think this will be caught by the new anti-avoidance rules in FA (no 2) 2005 re employment related securities?

Regards

tv
tv

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