What admin needs to be done when transferring/gifting shares to a spouse? - kosher gifts
I want to advise a client to sell some shares, except to the annual transfer ... but not sure how the procedure itself, making everything kosher .... Ideas?
Btw United Kingdom!
Saturday, December 26, 2009
Kosher Gifts What Admin Needs To Be Done When Transferring/gifting Shares To A Spouse?
1 comment:
Depends on how you perform actions.
If it holds a physical certificate, please contact the Registrar a form of transfer of securities. You are in the network is available, but make sure to correct from the Secretariat that can not properly or complete rejection of success will be determined in the transmission. (If a company of the London Stock Exchange in the list, you may find that the general secretary) on the LSE website (www.londonstockexchange.com.)
If shares are held in paperless form, ie, they are deposited in an account with a stockbroker or a stock, then the client receives the shares are required to open an account there (or to) another agent, which can repurchase the shares over accounts be transferred.
In both cases, the person may retain the shares are taxed at the tax transfers to pay (see link on the HMRC website).
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