Two directors & Shareholder 50:50.
Slight disagreement so they have decided to split. One is buying shares of the other for what they both are happy with £8k.
Is there a need to report this on a form 42?
Everything done at market value etc so no tax consequences apart from the CGT which under the Annual allowance.
Thanks
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Form 42
Completion needed unless the transfer is in the normal course of domestic, family or personal relationships of the person transferring the shares.
Form J10 & any Stamp Duty should also be dealt with.