Tranfer of Shares

stefanboro

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?

Dcollins

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.