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.
Not unilaterally, obviously - the election is joint.
But... what prompts the question? What's the doubt?