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:

  1. Would it better to issue 100 ord shares to wife or  transfer 50 of his shares to his wife?
  2. 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?

Thanks

 

Comments
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Much more to consider than this

Roland195 |

You also need to consider

The Innkeeper |

Divorce

colinhigginson |

is it ok to..............

pauld |

Not necessarily

Roland195 |

Would this be okay?

FirstTab |
FirstTab's picture

Or

Phil Rees |
Phil Rees's picture

Roland

colinhigginson |

Not how, if

Roland195 |

lets rewind here people are getting uppity

carnmores |
carnmores's picture

Carnmores is spot on

JCresswellTax |
JCresswellTax's picture

A shareholders agreement

bernard michael |

.

ireallyshouldknowthisbut |

If this is soley for

MikeH |
MikeH's picture

Because it is a big deal

Roland195 |

Agree with Roland

Steve Kesby |
Steve Kesby's picture

.

blok |
blok's picture