Limited company two directors and equal shareholders. Company started trade late 2017. First year accounts show 150K Turnover with 70K profit. Second year of trading looks similar. All monies are withdrawn through salary and dividends. Company has no fixed assets
One of the directors has left the company as he has moved away. The remaining director wants to transfer the shares to his girlfriend at nil consideration which the departing director is fine with
However the shares do have some value and there would be capital gains/Stamp Duty Tax implication. What is the best Valuation method for a start up ? Would there be a case for the shares to have a nominal value ? Can gift relief be claimed in this situation ?