Tranfer of Shares
stefanboro
Registered Posts: 187 Dedicated contributor 🦉
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.
Simples.
But has anyone spotted any holes in my process?
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.
Simples.
But has anyone spotted any holes in my process?
0
Comments
-
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.0
