Share Transfers occur when one Shareholder agrees to transfer all or part of his Shares in a Company to another Shareholder (prospective or existing).
Share Transfers are normally subject to approval by the Board of Directors. In order for the Share Transfer to be effective a Stock Transfer Form is required to be completed and signed by the current Shareholder. Stamp Duty is payable on the transfer if the value is above £1,000 (effective from 12 march 2008) and the Stock Transfer Form must be sent to the HMRC Stamp Office within 30 days together with payment.
The Share Transfer must then be registered in the Company's Statutory Registers by the Company Secretary.< Back to Glossary