I'm just about to form a limited company to start my first contract and the advice I'm receiving re:share structure is to make myself the sole shareholder. My wife doesn't work so I'd be keen to benefit from this, however with the recent Arctic Systems ruling everyone seems to be very cautious. My concern is that when the Revenue issues a definitive statement regarding Section 660A my company will have been trading for a few months and any redistribution of shares may be taxable.
Any advice on this would be appreciated
Thanks
Simon
Any advice on this would be appreciated
Thanks
Simon
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