09 May 2007
Our client, Mr A, was a full-time working director of a company and owned 10% of the issued share capital. On the advice of his accountant, he transferred part of his shareholding (about 10% of his holding, i.e. 1% of the total) to his wife — the necessary share transfer form having been completed. On the same day, his remaining holding and his wife's shares were sold for in excess of £1 million.
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