I am looking to buy shares in a private, non-listed company whose shares are quite costly. (We're in the UK.)
To keep things simple, let's say I'm looking to buy 1 share at a cost of £50,000. (These aren't the actual numbers but round numbers are easier!)
I can't afford £50k on my own. However a colleague is willing to go halves with me to make the full amount: we both put in £25k each.
Initially we were planning to register a company to purchase the single share, with us as the two directors. The company would exist purely to hold the share. However this appears to lead to some onerous tax implications as HMRC would consider that a Close Investment Company.
As there is only one share for sale can we only use one name as the shareholder? Or can we be listed as joint owners?