Can you own half a share?! | AccountingWEB

Can you own half a share?!

Taken on a new ltd company client that has had an interesting share movement

the company was set up as follows:

dad 1 share
mum 1 share
son 2 shares

son then transfered 1 share to his wife, all ok

dad then transferred his share and transfer form states that its to both son and son's wife. effect is:

dad nil shares
mum 1 share
son 1.5 shares
wife 1.5 shares

this doesnt seem right to me! Is it really acceptable / legal to have half a share??

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Watch voting powers

AnonymousUser |

No, you can't....

Anonymous |

It is a share of joint ownership

steveoneill |
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