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.