Husband wants to go 50:50 with wife on company ownership
One of my clients who has 100% ownership of his limited company, wants his wife to have 50% ownership of the company.
The company has been trading for three months and has not made profits at this stage.
The husband currently owns 100 Ord Shares in his company:
- Would it better to issue 100 ord shares to wife or transfer 50 of his shares to his wife?
- They would be no tax implications since the company has not been a profit? Does HMRC needs to be informed? If so, what is the process?
- Bookkeeping Rate of Pay 2,661 38
- How to claim relief under a Double Taxation Agreement 284 6
- Tax implication on superannuation 177 3
- What's the Barmiest Reason A Client gave you for going? 2,550 25
- GRNI - Normal Balance 65 2
- Entrepreneurs Relief, and then new company 208 3
- Portuguese Resident having a UK Limited Company 219 8
- Tax Fines - HMRC 811 13
- Taxi Drivers Cost of Sale 97 2
- Is Xero payroll as rubbish as I suspect it is? 1,296 24
- VAT - Check on clients business 907 37
- Second Limited Company 116 1
- Digital tax accounts - what do we expect? 492 10
- Private doctors - Ltd company vs partnership 290 8
- Probate services 367 7
- Annual to At Least Quarterly 494 20
- trading losses allowable? 758 14
- Post AAT? 689 3
- Small amount of untaxed royalties for someone outside SA 142 1
- Treatment of valuation fee for IHT. 194 2