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?
- Relationship between amortisation and distributable profits 144 9
- Do you charge fee or % for Successful appeal against HMRC penalties? 240 11
- Financial statements accounting policies 135 3
- Do you get your clients to sign their EOY EPS submission? 53 1
- New client has not reported director's pay by RTI 69 1
- Design your ideal tax department 831 19
- Statutory Residence Test - is HMRC Guidance wrong? 230 6
- Scams are not always obvious 1,634 30
- Deemed Employment Payment 384 2
- Little PPR calc question 185 4
- Restructuring company and Form 42 166 7
- Overpayment notice 106 1
- Limited Companies, Directors Employer Registration P11D 229 9
- Cells from many sheets 181 3
- notice of consent by surrendering company group relief 180 8
- Investment company 194 6
- More RTI stuff 172 4
- Personal allowance 589 12
- Letting Agents - requirement for audit of clients accounts 117 1
- Childcare vouchers 219 3
- New Fangled Penalties 1,055
- Moving away from CCH software 920
- Recruitment agencies 544
- QROP pension input amounts 420
- write off loan or loan to equity swap or both 368
- HMRC BENCHMARK EXPENSES 321
- Unused Losses and Post Cessation Receipts 304
- fraud 240
- EIS relief on transferring shares to spouse 230
- Sole trade business in UK, but the owner works from EU 199