Home For accounting professionals General accounting discussion

Transfer of shares from deceased wife to husband

JodieRJodieR Experienced MentorRegistered Posts: 1,002
My client and his late wife started a Ltd company a few years ago. The shares issued were 100 shares of 10p each and they each owned 50%. Unfortunately she passed away recently and therefore her shares will pass to him. The company has so far failed to make a profit (and therefore there's been no dividends paid), but hopefully this will change in the coming months. I've updated the Companies House record to indicate that she's no longer a secretary/director but do I need to notify them of the share transfer now or do I just update this information on the annual return due in a few months time?

Thanks
Jodie

Comments

  • JodieRJodieR Experienced Mentor Registered Posts: 1,002
    I've phoned Co House and they've confirmed that I can just update this on the next annual return, if anyone's interested!
    Jodie
Sign In or Register to comment.