Can anyone here give me an indication if shares in a family company can be assigned to another member without any complicating or further issues? I mean issues other than covered by disposal of assets to avoid banruptcy or ones of inheritance tax.
The company is a trading company with a modest amount of money in the bank account.
Any help would be appreciated.
My guess (and it is a guess) is that, like listed shares, you can transfer them to your spouse without creating a capital gains tax 'event' or an inheritence tax 'gift' and therefore without the need to assign a value to them. but I look forward to hearing the true answer...
Robert
This would be between sibblings which may be rather different.
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