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Our client is a shareholder in an unquoted trading company. He acquired his shares in April 2001 in an arm’s length transaction.
His wife for whom we do not act acquired a far greater number of shares in the same company prior to March 1982. In an effort to preserve the indexation allowance on the wife’s shares her advisers recommended that she transfer them to her husband prior to 6 April 2008.
There was no point in transferring his shares the other way as no indexation allowance would have been available due to his acquisition taking place post-April 1998.
The company is now in the process of being sold and we are endeavouring to calculate the gain our client will realise on the disposal of the combined holding and in particular the amount of indexation relief that will be available.
Our research indicates that ...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
