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Transfering shares to daughters
1 Answers
We have some shares that we inherited and I want to give them to my daughters.
There is a form on the back, part one if you are selling (fill in and send to Stock Broker). Part 2 if you are transfering to a Crest member.
Neither daughter has held shares before.
What do we do? Is there a charge? I assume the stamp duty will be zero as it is a percentage of the price and I'm not charging them.
There is a form on the back, part one if you are selling (fill in and send to Stock Broker). Part 2 if you are transfering to a Crest member.
Neither daughter has held shares before.
What do we do? Is there a charge? I assume the stamp duty will be zero as it is a percentage of the price and I'm not charging them.
Answers
Best Answer
No best answer has yet been selected by dancecaller. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.You send the form to the Company Registrar, not a stockbroker (who will do it but will charge you if you do it through him.)
Not sure about charges - call the Registrar to find out - nor about stamp duty.
There is a flat rate £5 stamp duty charge in some circumstances - this may or may not be one of them. If it is you send it to a stamp duty office to get it stamped before you send it to the Registrar
Are the daughters adult?
Not sure about charges - call the Registrar to find out - nor about stamp duty.
There is a flat rate £5 stamp duty charge in some circumstances - this may or may not be one of them. If it is you send it to a stamp duty office to get it stamped before you send it to the Registrar
Are the daughters adult?
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