Adding a foreign shareholder

[kazh]

That's not what I said. Since they are not buying the shares they are a 'gift'.
What that means is complex and nuanced.

Sorry, yes, I understand, and since that is the case, there seems little difference in just giving gift to a friend who isn't a share holder

[WTFH]

Oh man, so hard to just give someone money without such an unfair tax!

Now we’re getting to it - what “unfair” tax are you trying to evade?
And is it worth giving up 50% control in your company?

[Lance]

Sorry, yes, I understand, and since that is the case, there seems little difference in just giving gift to a friend who isn't a share holder

Just gift the money after you’ve taken it yourself.
That’s A lot simpler than your option.

[zonkkk]

Obviously tax evasion.

Pay your taxes and THEN you can give ALL your money away.

[fidot]

This thread has mostly focussed on the gifting element of the friend receiving the shares.
If the friend bought the shares at market value, then most of the points raised are addressed.
I think you should retain a majority shareholding so go 51 49

[Lance]

Obviously tax evasion.

Pay your taxes and THEN you can give ALL your money away.

The recipient might then have tax to pay.

[northernladuk]

even a spouse would count as having the shares gifted if they were, well gifted.
Me. I sold my shares to my wife. £1 and a BJ each

your friend could buy the shares. If (s)he pays fair market value then it's not a gift.

Shes got a hundred shares in my LTD as well you know.

[kazh]

Now we’re getting to it - what “unfair” tax are you trying to evade?
And is it worth giving up 50% control in your company?

well the tax for the company is 19% and then to receive the money as a gift in France is 60% that's almost 80%, wouldn't it be more fair to tax the person receiving on a normal tax? because if the money they get form the gift is all they have, then it seems a little unfair system no? I guess this is opening up a whole new debate and some may say of course it's unfair it's rigged for the rich, others may say there are systems and supports in place for that person in other ways I suppose?

[kazh]

Obviously tax evasion.

Pay your taxes and THEN you can give ALL your money away.

Yes I guess it's tax evasion, 80% for 25,000 is too much in my opinion. I would say it's over taxation rather than tax evasion

[kazh]

This thread has mostly focussed on the gifting element of the friend receiving the shares.
If the friend bought the shares at market value, then most of the points raised are addressed.
I think you should retain a majority shareholding so go 51 49

Thanks! that makes sense! thanks for your advice!