is this contrived

[Feedback]

company A is owned by two individuals and the profits are now exceeding £300k. if one individual took total ownership of company A and the other set up company B and thus each company had profits below £300k, would this be deemed to be an artificial separation for CT purposes?

[AvocadoK]

Depends on how you separate the two halves. If you had two shops and transferred one shop to Company B and left the other in Company A, it might work. But if you had one shop and said company A ran it Monday to Thursday and company B ran it Friday to Saturday, that would look artificial.
You also have to consider the tax charges on transferring a business and goodwill from one company to another.

[Feedback]

its professional services so company A can invoice the client and company B can invoice company A for work done on each project. that is my thought process. its probably treading the line very closely.

[LozaACCS]

Have you considered that the person disposing of his shares may have a chargeable gain

[AvocadoK]

I think where you would start to get contrived is when you 'fix' the results so that the profit end up evenly split between the two companies.
Also, would each shareholder be well advised to have shares in his respective company alone? Bit of a mess if they fell out!