Changes to the stock transfer form have clarified that where the consideration for the transfer is nil, this should be stated on the front of the form. The share registrars should accept this and process the transfer without any certificate needing to be completed. The form also gives an additional self-certificate, expected to be used comparatively rarely but, where it is relevant, it should reduce the time it takes for the share registrars to deal with the form. The £1,000 certificate is being retained.
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Changes to the stock transfer form have clarified that where the consideration for the transfer is nil, this should be stated on the front of the form. The share registrars should accept this and process the transfer without any certificate needing to be completed. The form also gives an additional self-certificate, expected to be used comparatively rarely but, where it is relevant, it should reduce the time it takes for the share registrars to deal with the form. The £1,000 certificate is being retained.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: