A share transfer is the process of transferring existing shares in a limited company from one person or entity to another; either by sale or gift.
The value of the transfer is known as the chargeable consideration and this transaction must be recorded using a Stock Transfer form.
If the chargeable consideration is to the value of £1,000 or less you do not normally have to pay any Stamp Duty, however there are exceptions.
The completed form must be kept in the company statutory records, and Companies House is usually updated when the following annual Confirmation Statement (CS01) is completed.
We provide a Company Secretarial service which includes the processing of share transfers, please contact us if you require further details or a quote for services.