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Offline Frank  
#1 Posted : 27 November 2014 12:34:40(UTC)

Rank: Newbie

Groups: Registered
Joined: 27/11/2014(UTC)
Posts: 1

I have a client who has a limited company with 100 Ordinary £1 share issued.

The company has grown over the years and he wants to consider giving away shares to family members each year without incurring a CGT liability.

The Ord £1 share are each worth quite a bit so I suggested changing the issued shares to say 1p shares i.e. convert them into 10,000 1p shares instead of 100 £1 shares.

Never had to do this for a client before any pointers to consider or help with this issue anyone?

Thanks in advance for any comments on this issue...

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