Originally posted by dannya
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Roger Sinclair warns you to be careful if giving shares to someone who is an officer or employee of the company already. He says:
"Second, particular care is needed in giving shares to someone who is an officer (eg co sec) or employee of a company, if one is to avoid the rules which treat acquisition of shares by such persons as a benefit of the employment, and so taxable as such.
An approach worth considering (and probably more robust longer term) would be to form a new co with split shareholding for ongoing trading. "
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