gift of shares to family members

A owns company a

Relative (not spose) B owns company b

But what happens if A transfers some shares  in company a to B and B transfers shares in company b to A.

Both just claim entrepeneurs relief on the market value of the disposals? 

Is stamp duty payable? I have seen the share transfer forms and they record £Nil as the sale proceeds.

Comments
There is 1 comment. Login or register to view it.

Are the gifts reciprocal, or independent?

taxwriter |