Share Capital Structure

[TheFaQQer]

I have issued all 100 for one of my companies (95% to me and 5% to my kids) as it seemed the most simplistic model.

I asked my accountant about that and was advised not to - I think it becomes an issue if the children are under 18, since they have no say in the business, and it might appear to be a tax avoidance issue.

Isn't this essentially the "man and partner" argument that the Revenue are having at the moment - viewing the income from dividends as if it were all paid to one person rather than split?

[PAG]

I want to change the share issue of my Ltd, I had it as 60/40 but want it 100 to me, how do I go about this?

get the person holiding 40% to sign form 88(2). Return of alotted shares. and sign form 2889B) resignation from being a director.