Share this content

HOLDOVER RELIEF ON SHARE TRANSFER TO A RELATIVE

Can Client claim holdover relief on transfer of shares in his personal company to his son

Didn't find your answer?

A client wishes to transfer some of  his 51%  shareholding ( the other 49% is held by his wife ) in his trading company to his son . The shares of the company  are valued at £500,000 and the market value of the shares to be transferred is £85,000. Can father claim holdover relief.

Also can father sells shares at £11800 only so that he can make use of his AEA and the balance be heldover?

Any advice would be  much appreciated.

 

 

Replies (3)

Please login or register to join the discussion.

avatar
By The Dullard
18th Sep 2021 15:01

Yes, and yes. The annual exempt amount is £12,300.

Thanks (0)
avatar
By Tax Dragon
18th Sep 2021 20:55

Not unilaterally, obviously - the election is joint.

But... what prompts the question? What's the doubt?

Thanks (0)
Share this content