Transfer of shares (stock) service
Transfer of shares agreement.
Transfer of shares – summary
Your Company Formations can assist any limited company or limited company shareholder to transfer part of its share allocation. For example, the transfer of shares between spouses and family members is a service we assist clients with because of the tax saving opportunities that can be enjoyed by:
- shareholders in a family business through better utilisation of personal allowances and dividend tax
- the company itself on payments of National Insurance Employers’ Contributions
We take care of all the compliance required on the transfer of shares from one person to another (including the transfer of shares from one director to another).
For help and advice on the transfer of shares, please call us on +44 (0) 207 689 7888 or email us at info@yourcompanyformations.co.uk.
Transfer of shares service – how it works
Preparation of stock transfer form
Our service includes the preparation of the Stock Transfer Form (J30) which a shareholder must complete to transfer ownership of their shares to a third person.
Completion of board minutes documentation
We will also complete the meeting minutes (as required under section 248 of the Companies Act 2016) which your directors must approve and then your company must issue minutes from the board meeting during which the transfer of shares was authorised.
Certificates demonstrating new company share owner and details
Our experts draw up the necessary certification showing your company’s revised share structure documenting the names and percentage stakes of each individual shareholder.
Transfer of shares Companies Act 2016 – frequently asked questions
How long will this take?
Once we have all the information from you that we require, you will receive the documentation required to start the process within 2 working days.
The person transferring the shares and the person to whomthe shares are being transferred must complete the stock transfer form we sendout. Please send that back to us when completed.
I set up my company with another formation agent. Can you help?
Yes we can help regardless of being an active client with us or having used another company formation agent to setup your company previously.
Which classes of share can I transfer under this service?
With this service, you may only transfer ordinary company shares. We can not assist you in the transfer of non-ordinary company shares nor can we amend your Articles of Association. We advise you to contact a solicitor for either of these requirements.
What is stamp duty?
When any shares are transferred where the total value of the shares transferred are £1,000 or more, you must record this on a stock transfer form and send it within 30 days to HMRC. Upon receipt of the stock transfer form, HMRC will issue a tax demand equivalent to 0.5% of the value of the shares transferred. This stamp duty is paid by the person to whom the shares are transferred.
Will Companies House change the details about my company on their website straight away?
No. You must complete a confirmation statement (which replaced the annual return) explaining the new shareholding structure within your business for the changes to be recorded at Companies House. It is a legal requirement to do so.
Can I do this myself?
You can download both transfer of shares agreement templates and transfer of shares document samples from various different internet sites. However, given the complex requirements of the Companies Act 2016 and the involvement of HMRC in any share transfer with a nominal value of £1,000 or more, we recommend that you use an experienced advisory service like that which we offer at Your Company Formations.
What help can you provide?
In addition to the service, our experts are available via email and phone for support and advice at no extra charge.
FAQs
We gathered all questions you may have about our company, process, packages and pricing.
Company formation, or company registration, incorporates a business in the UK with Companies House, the official registrar of companies for England and Wales. The process creates a legal entity with a separate identity from its shareholders.
No. You do not have to live in the UK to register a UK company. The law allows foreign individuals and businesses to form companies in the UK subject to the following requirements —
- Have a registered UK office address for the company
Consider engaging the services of a solicitor, accountant or agent like Your Company Formations to help you comply with all the requirements of forming and running a successful enterprise in the UK as a foreigner.
When you form a company using our service, we only require you to complete the online forms. A new limited company formation also requires a registered office address, a director and a shareholder holding at least one share. You can use our professional address services if you would prefer to keep your business or personal Director’s address private.
There are no hidden costs for any of our packages. We advertise a fair, transparent cost for our services, so no unexpected fees are added at the end of the checkout process. We include the Companies House charge of £50.00 with all our formation packages. This fee is charged on all new formations and is included in the price you see.
A Limited Company requires at least one share per shareholder, with a minimum of one shareholder. There is no limit to the number of shares held by a shareholder.
When you form a company through us and opt for an introductory bank or merchant account offer, we will send your details directly to the company. A representative will then contact you to set up a meeting. Once your account is open, you can claim your cashback by logging back into our company manager account.
Once your application is completed, we will set up your company within 3 working hours, dependent on companies house workload on the day. You will receive a notification telling you that your application has been approved. Digital copies of your company documents in PDF format will be sent to your email address. Once this is completed, you can immediately begin trading with your company.
Yes, You can form your limited company - it can be owned, managed and run by one person. The person would act as the sole director and shareholder of the company.
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