Q：
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What is the procedure for transferring the shares of a UK Company?
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A：
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To transfer the shares, the following actions are required:
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The transferor makes out and sign the stock transfer form;
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The transferee signs the stock transfer form when necessary;
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The transferee sends the stock transfer form to HM Revenue and Customs (“HMRC”) and pays stamp duty if required;
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The company receives the stock transfer form;
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The director(s) approves the share transfer;
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The company updates the register of members and issues new share certificate to new shareholder; and
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The company submits the confirmation statement and statutory form re alteration of significant controllers to the Companies House.
Kaizen can provide assistance on share transfer for UK Companies, kindly contact us for
the details.
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Q：
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What information is required to be stated in the stock transfer form?
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A：
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The following information is required:
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The name of the company whose shares are being transferred;
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The number, nominal value and class of the shares being transferred (shares of different classes should not be transferred on the same form);
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The consideration being paid;
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The transferor’s name and address; and
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The name and address of the transferee.
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Q：
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Is there any tax required to be paid for share transfer of UK Companies?
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A：
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If the share(s) is transferred by using a stock transfer form and the consideration is over £1,000, the transferee is required to pay stamp duty to HMRC.
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Q：
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How to calculate the amount of stamp duty payable?
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A：
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0.5% on consideration will be charged as stamp duty, which will be rounded up to nearest £5. For example, if the consideration is £2,150, then 0.5% of that is £10.75. The amount of stamp duty will be rounded up to £15.
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Q：
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Is there any deadline for sending the stock transfer form to the HMRC?
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A：
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The transferee is required to send the stock transfer form to the HMRC by email or post within 30 days of the form being signed and dated.
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FAQ
