Is there Stamp Duty payable on Share transfer?

A client set up a Limied company with 2 shares on incorporation.

He subsequently went into business with another individual and transfered one share to this individual.

The share was transfered at the Nominal Value (£1), since the company was non-trading and did not have any commercial value.

Is there any Stamp Duty payable on this transfer?

 

Comments
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No

petersaxton |
petersaxton's picture

No , only if consideration is

orchardacc |

shares transfer

nexventure |

No stamp duty to pay.

petersaxton |
petersaxton's picture

Thanks for reply,

nexventure |