Transfer of Shares
Do you need to transfer shares from one shareholder to another but don’t know where to begin? Let us take care of it for you, taking the burden away from you and ensuring everything is done correctly.
With this service, our team of experts will prepare all of the necessary internal company documentation required to move existing shares between new or current shareholders.
For an additional cost of £24.99 plus VAT, we’ll also prepare and file a confirmation statement, updating your latest share situation on the Companies House register. This may be required if you are opening a business bank account and the bank wish to see updated records.
What do I get?
We will professionally prepare the following:
- Stock transfer form
- Board resolution
- Share certificates
How the service works:
- Select 'Buy Now'
- Complete the simple application form
- Proceed to checkout and make payment
- We will email your digital documents within 2-3 working days
- The transferor and transferee will need to sign the stock transfer form. This should then be filed with your company records
- If purchased, we will prepare and file a confirmation statement
Frequently asked questions
How long will it take for my documents to be ready?
2-3 working days, provided we have all the necessary information.
Do I need to provide information for the new shareholder(s)?
Yes, we will need the following for each shareholder:
- Full Name
- Address (This will be shown on the share certificate)
- The total amount of shares being transferred
How many transfers can I make with this service?
The cost of your service differs depending on how many shareholders are receiving new shares:
- 1-2 shareholders: £69.99
- 3-4 shareholders: £79.99
- 5-6 shareholders: £89.99
I didn’t form my company with you, can I still purchase the service?
What is stamp duty?
Stamp duty is usually only applicable if the value of shares being transferred is over £1,000.
Shares worth more than £1,000 will incur a tax/duty of 0.5%. This is then rounded up to the nearest £5.
For example, when you purchase shares worth £1,010, you’ll need to pay 0.5% on that total, which is £5.05. This is then rounded up to £10 - so £10 is payable in stamp duty.
Stamp duty should be paid within 30 days of the transfer taking place.
Do I have to file a confirmation statement?
It’s up to you. The purpose of a confirmation statement is to ensure Companies House hold accurate and up-to-date information for a company. Companies House are only notified of a company’s new shareholding situation when a confirmation statement is filed. Whilst not compulsory, many business owners wish for Companies House to be notified as soon as they have transferred shares - this is often because of a request from the bank.