A trading company was incorporated in Feb 2007 with one share each for the husband and wife directors. The husband now has a full time job and I want to split the shareholding 75: 25 in the wifes favour so that the paying of dividends does not put the husband into higher rate tax. Looking for some guidance on how do this and any potential pitfalls. The company is doing very and could be valued at at around £200,000, if this is applicable?
Do I just complete form SH01 and file at companies house? Are there any liabilities arising on the directors?