How long does it normally take ? a friends dad wants to transfer the shares into his sons name , so he can sell them and use them towards the deposit for his house....
Transfering shares into another persons name...
Mar 07, 2007
3 Replies
Why doesn't he sell them himself and give his son the money?
at a guess, because he thinks its a way round CGT? WhIch obviously it isnt.
Quite. Maybe it's not the father but the son who wants to pull a fast one. The father might want to give him the shares as something to hold on to, but sonny wants to flog them off as soon as possible and turn them into a cash deposit.
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