LLP has two members currently, one a Limited comapny the other an individual. The two are otherwise not connected.
The individual would like to tranfer his share in the LLP to a newly formed company which he will own with his wife. this is not something I have dealt with before, what is required and are there any tax implications? Is a new members agreement required and is this compulsory?
The LLP owns a residential property and its trade is that of management consultancy.