Wife shareholding increase

[MaxyContr]

I have had my ltd company since 2011 on a 20% shareholding for my wife
I plan to increase this to 50%

Is there a problem with this?
Do I need to be aware of anything towards this

[DaveB]

I have had my ltd company since 2011 on a 20% shareholding for my wife
I plan to increase this to 50%

Is there a problem with this?
Do I need to be aware of anything towards this

It shouldn't be a problem, you just need to inform Companies House of the new share distribution. Your accountant should be able to advise on the correct forms to complete.

Gory details here:

https://www.gov.uk/make-changes-to-y...hare-structure

[LondonManc]

I have had my ltd company since 2011 on a 20% shareholding for my wife
I plan to increase this to 50%

Is there a problem with this?
Do I need to be aware of anything towards this

Talk to your accountant about it; there can be implications.

[MrMarkyMark]

I plan to increase this to 50%
Is there a problem with this?

No problem, unless you get divorced in the future.
Then the shareholding has the potential to end up 100% your wife's.

HTH.

BIDI.

[ASB]

No problem, unless you get divorced in the future.
Then the shareholding has the potential to end up 100% your wife's.

HTH.

BIDI.

I quite often see this raised, but OI'm not sure it is entirely relevant. At the end of the day it is all marital property irrespective of nominal ownership anyway.

Of course it can complicate the settlement process, should that be necessary.

[MrMarkyMark]

I quite often see this raised, but OI'm not sure it is entirely relevant. At the end of the day it is all marital property irrespective of nominal ownership anyway.

Of course it can complicate the settlement process, should that be necessary.

True, I must admit, on this occasion, I was slightly pulling the OPs chain

[NCOTBAC]

Messing about with shareholding too often is going to make you a target for HMRC. If you plan on upping it to 50% because she is inbetween jobs and plan on reducing it again in the short term future then I wouldn't. If this is a permanent change and don't expect to be making any further changes then fair enough.

[LondonManc]

Messing about with shareholding too often is going to make you a target for HMRC. If you plan on upping it to 50% because she is inbetween jobs and plan on reducing it again in the short term future then I wouldn't. If this is a permanent change and don't expect to be making any further changes then fair enough.

Further to this, if she's company secretary and you're managing director then it shouldn't be a 50/50 split; as I said earlier, OP should speak to their accountant.