Hi,
If I own 100% of my company which is a trading company and wish to give half of my shares to a member of staff basically because he is due them based upon his efforts over the last few years.
He has been involved as much as me in the business and we are just now officially "sorting out" the share split.
I understand that this is a disposal by me and a gain will arise, and we can both elect to claim gift relief for CGT.
However how does this tie in with the employment related securities legislation.
Is this considered to be a transfer of benefit by way of employment? If it was, is it taxable to PAYE? If so is the tax when shares granted or when he sells them?
Many thanks
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