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Hi, sorry for the delay. Thanks for your answer, I intend to gift these shares to my wife. However, you mentioned about tax liability, which I just want to check with you. She is currently on £36K salary, so just below 40% threshold, but the value of the shares is currenlty £46K. I know if I gift them to her she won't pay tax until she sells, but if HP are treating half the shares as a dividend (which I am led to believe they are), then the £23K dividend will take her above the threshold, she becomes a higher rate taxpayer, and thus will pay the same as I would. Am I correct in that assumption? Thanks!
ok, so here is another variation....what if I gift these shares to my Dad who currently lives in Switerland (and is a resident there, he has been there for 20 years)? I am just trying to avoid paying a whack of tax without selling them (which I know is the option to avoid all this, but then I pay CGT anyway). Unless you have another idea?
Got it! I thought my father would count as close family and because I haven't charged him, then I am not making any profit so not liable for tax. Get your point about inheritance although if I gift them to him, not sure how I'd be liable for IT when he dies unless he is still holding them....but I trust you :)
I wish I knew where to go for information on the demarger as it is due on November 1st, and as a share holder I've not recieved any information whatsoever.
Thanks, ***** ***** that and see if you find anything. I'll add credit...cheers