Transfer of shares

Jan 23, 2004 2 Replies

Rate this thread:

Fred 22 years ago

I have shares in a closed company of which I am a director. We are only talking about a nominal share capital of 50.00

I wish to transfer a proportion of these to a business partner.

I believe that the yearly return should show the new allocation of shares but am wondering what should be done in the meantime.

Would a simple letter from me to the company secretary be sufficient with the issue of new share certificates? What else should I do?

Vote

Paul Garbett 22 years ago

You need to complete a stock transfer form, submit this to IR Stamp Office and pay the requisite stamp duty, probably a minimum 5 duty.

HTH

Vote

john boyle 22 years ago

In message , Paul Garbett writes

If the shares are a gift they will be exempt from stamp duty under category L.

Otherwise .5% rounded up to the next full fiver.

Vote

Join the Discussion

Have something to add? Share your thoughts — no account required.

Ask the community — no account required