article_snippet: his wife, Rachel, has 30 per cent and the remaining 19 per cent is owned by Martha, one of His wife, Rachel two daughters.
article_snippet: Daddy, I want to spend my pocket money on shares in the company”.
article_snippet: Mr Murphy said just Mr Vine himself could have named Mr Murphy daughter as a shareholder for ‘long-term tax-planning’ purposes, reducing the tax his daughter would pay if his daughter inherits part of the business.
article_snippet: Alternatively, just Mr Vine himself may have made just Mr Vine himself wife and daughter shareholders to split the dividend payouts, keeping his wife and daughter shareholders just small enough to ensure his wife and daughter shareholders are taxed at a lower rate, rather than at 40 or 45 per cent.