Can I buy shares from my parents at a higher price than they are
currently listed at?
Q.
My parents have a number of shares that are worth a fraction of
their original value. Can I buy these shares directly from them at
a higher price than they are currently listed at?
A.
I am not sure what your proposed strategy is meant to achieve,
but you should understand that, for tax purposes the transfer will
be deemed to take place at current market value so there are no tax
benefits to be had by transferring the fees at a higher than market
price.
Each week financial advisor Noel Whittaker answers your
questions.
