Transfer Shares.

[lnoton]

Both of you working for the same limited company will have absolutely no effect on your IR35 status. I would echo what others have said do not give her half of your company. It is a very a bad idea if things go wrong. She does not have to work for your Ltd Co to be able to substitute for you.



100% caught as "income shifting" (Don't you love these new phrases Nu Liemore makes up....). If HMRC investigate they will be able to trace the money going straight to you through her bank account, the new (utter bollocks) legislation coming into effect in April will catch you.

All sorted now. Accountant has sent me a stock transfer form all filled in basically stating Rachel will transfer her share to me for the cost of £1. Just need to let Companies House know at the end of the year.

[Gonzo]

All sorted now. Accountant has sent me a stock transfer form all filled in basically stating Rachel will transfer her share to me for the cost of £1. Just need to let Companies House know at the end of the year.

Thanks for letting us know the outcome.

I am surprised - it runs counter to what I instinctively thought. I was sure that HMRC would want a valuation for all potentially CGT chargeable events, but if the accountant says not who am I to argue.

I guess that this is the one exception to me always being right that proves the rule

[THEPUMA]

Thanks for letting us know the outcome.

I am surprised - it runs counter to what I instinctively thought. I was sure that HMRC would want a valuation for all potentially CGT chargeable events, but if the accountant says not who am I to argue.

I guess that this is the one exception to me always being right that proves the rule

You are correct. In order to avoid the possibility of a CGT charge, a holdover election should be signed by both parties and submitted to the donor's tax district.

Having said that, unless the value of the share exceeds £9,201 the gain would fall within the donor's annual CGT annual exemption (assuming it hasn't been utilised elsewhere).

[Gonzo]

You are correct.

Bang goes that theory then