Tranfer of Shares

stefanboro Registered Posts: 187 🎆 🐘 🎆
Hi All,

Just want to make sure I have this right.

I have one shareholder transferring shares to another shareholder.

As the shares are worth less than £1,000 I simply get the shareholders to fill out a stock transfer form on paper for the company records and then simply let companies house know on the annual return.

If the value of the shares transferred were greater then £1,000 then stamp duty tax would be incurred and HMRC would have to be informed.


But has anyone spotted any holes in my process?


  • Dcollins
    Dcollins Registered Posts: 179 🎆 🐘 🎆
    Assuming the transfer complies with the company's articles, CA 2006 and the share values are OK, I'd also cancel old share certificates, issue new ones and have a signed resolution on file.
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