I have a client with a private limited company, currently two director/shareholders (50/50). One of the directors would like to gift shares to spouse. Thoughts are that this could be done by additional share issue (rather than transferring) to make the shareholdings approx 33% each. The spouse would be carrying out a substantial amount of work on behalf of the company. Would there be any capital gains implications due to the other director/shareholder or any other issues I should make them aware of?