Hi.
I am hoping there is some advice around.
I have property investment companies ( started off developing and putting profits into assets, now assets outweigh developing - so no possibility of Business relief I think) all shares are owned by a holding company. Shares are split 40% me, Husband 6%, child 1 has 29%, child 2 has 25% and child 3 has none. No shareholders benefit from the companies ever, only those who work for it and are paid through PAYE. I manage everything internally and take pride in providing homes and jobs. I have no intention of selling anything in order to sit and do nothing, this is my passion.
I am looking to get things in order to reduce my exposure to potential children's spouses/partners and reduce the need to possibly sell a big chunk of assets to pay IHT,
I already hold a comprehensive shareholders agreement, but this does not help with taxes. and could possibly be contested. ( This issue has not arisen but I am mindful of it)
1. Would a trust be a beneficial way to go to hold the holding company shares?
2. Would it be worth slowly transferring shares to child 3 at his CGT free yearly allowance? However could this mean that the shares would yearly need to be revalued professionally or is there a rule of thumb?
3. For tax planning is there a beneficial split of shares, although I think I would need to be able to hold the largest holding.
Many Thanks
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