A share were transfered between an outgoing shareholder and an incoming shareholder, of one nominal £1 share?
Would this share transfer need to be stamped and stamp duty paid on it?
If so, how much stamp duty need to be paid and where should it be sent for stanping?
Thanks
Replies (1)
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Hello there
Was the consideration for the share £1? If so, the transaction is exempt from stamp duty.and you do not need to submit the form for stamping.
You merely complete the exemption certificate at the top of page two and file with the statutory documents.
Hope this helps.