Tranfering shares and capital gains tax

**Darren at 1st Accountancy Serv Ltd** · 13 August 2004, 11:25

Co Shares

Nope....reason being the company/shares will not be worth anything as it's only just been set up.

**jakehazeldine** · 13 August 2004, 11:38

Thanks

Thanks, thats very helpful.

So I just fill the Companies House form and send it off?

**Darren at 1st Accountancy Serv Ltd** · 13 August 2004, 12:19

Shares

Yes, but take a copy of the forms before you send them off....also, use registered post!

We've had a few things go missing at Companise House over the last few months. :rolleyes

**xoggoth** · 15 August 2004, 16:23

Re: Shares

Ignore bollox. Misread question.

**jakehazeldine** · 16 August 2004, 09:53

What form?

So what form is it? a J30?

CH website says:
To transfer shares in a private or unlimited company, a seller must complete and sign the appropriate section of a 'stock transfer form', available from law stationers, and pass it, together with the share certificate, to the new owner.

The new owner must then complete their section of the stock transfer form, pay any stamp duty to the Inland Revenue and pass the completed form and share certificate to the company. The company secretary will then arrange for the directors to authorise the change to the members' register and issue a share certificate in the new name.

I haven't issued any share certificates yet, does this matter?

thanks

Jake

**jakehazeldine** · 20 August 2004, 18:04

how to do it

can anyone help please?

thanks

**Bradley** · 20 August 2004, 20:51

Stock Transfer Form

I found a copy here www.capitaregistrars.com/PDFs/stock.pdf
Just fill it in, and fill in the back saying that category L is appropriate so there's no stamp duty.

Remember to reflect the change in your next CH annual return.

PS there should be no CGT implications unless your partner is connected in some way or charges for the shares when you transfer

Tranfering shares and capital gains tax