SWL is Horatio's third company, which he established in 2014 and of which he is the sole director and shareholder. SWL manufactures and supplies folding commuter bikes. Horatio started the company with share capital of 40,000 and the company is now valued at 1 million. Horatio wishes to transfer the company to his daughter, Meredith, who has worked for the company since its inception.

Question : advise Horatio in relation to the taxation consequences of his proposal and the most tax efficient options available to him. write one thousand words