Share Transfer and Share Allotment

Share Transfer

Sometimes it is necessary for limited companies to transfer the shares from one individual to another. Stamp duty may be payable depending upon the value of transfer.

We offer service at two levels:

a) We can carry out the administrative work involved in the transfer of shares including checking the Articles of Association for any preemption rights, preparation of minutes and resolutions, preparation of stock transfer, printed share certificates in the name of new shareholders.

Cost of service is - from £40 + vat for each transfer.

b) Alternatively, you could download a stock transfer form for only £5 +vat. This document is inclusive of guidance notes and if you have any difficulty in completing it we are available to help by telephone and by email.

FAQ’s on transfer of shares

Is there stamp duty payable on transfer of shares?
Where the consideration value is more than £1000, stamp duty of 0.5% of the total value will apply.

What are the recent changes in the stamp duty legislation?
In an effort to reduce the stamp duty administration legislation was introduced in Finance Bill 2008 to provide that stamp duty be abolished under the following circumstances:

• Share transfers subject to ad valorem stamp duty where the consideration is equal to or less than £1,000; and

• Share transfers that were previously subject to a fixed £5 charge to stamp duty. This includes transfers between nominees of the beneficial owner etc.

Share Allotment

We check the limited company's Memorandum and Articles of association to ensure that the company has the ability to allot the shares. We then prepare the necessary minutes of the meeting and forms.

Share certificates can be provided by us in cases where we are maintaining your statutory register.

Cost of service - from £40 + vat