What are the tax implications of an Australian residing in Australia working as a director on a board of a small private UK company transferring shares to a family member in Australia.
The shares would not be bought or sold, just a transfer of ownership.
The share transfer would potentially only be temporary, and be transferred back within a few years.
During that time the price of the shares would most probably be changed.
Is there any other information I would have to provide for this question to be answered such as other roles in the company, the type of company, and income of both parties involved in the transfer.