Share Service FAQs
What is the Transfer of share service?
Our Transfer of Shares service is if you want to transfer existing share/s from one shareholder to another and require the transfer process to be documented on paper. You must receive consent from all members of your company prior to completing a transfer.
What is the Issue of share service?
Our Issue of Shares service is if you want to add new shares in the company and require the issue process to be documented on paper. You must receive consent from all members of your company prior to completing a transfer.
What is stamp duty?
For shares over £1,000, the J30 stock transfer form is required to be stamped by HM Revenue and Customs (HMRC). The payment for this is known as stamp duty and is currently 0.5% of the share amount, rounded to the nearest £5. For example, to transfer shares valued at £1,800, 0.5 x 1800 = £9.00 so a £10 stamp duty fee is payable.
How do I pay the stamp duty?
For all share transfers valued over £1,000, visit HMRC.
What class of shares can be issued?
Currently, shares of the same class/value as the company's initial shares can be issued. We do not get involved in creating or issuing new classes of shares.
How many shares can be issued at any one time?
There is no maximum on the number of shares that can be issued.
What information do I need to provide to transfer shares?
To process a share transfer we require:
- The name and address of the person who is transferring the shares
- The name and address of the person who is receiving the shares
- The number of shares being transferred