{"id":64,"date":"2015-01-09T09:15:15","date_gmt":"2015-01-09T09:15:15","guid":{"rendered":"https:\/\/www.1stchoice-formations.co.uk\/blog\/?p=64"},"modified":"2021-05-28T05:58:18","modified_gmt":"2021-05-28T05:58:18","slug":"stamp-duty-on-limited-company-share-transfers-10-facts","status":"publish","type":"post","link":"https:\/\/www.1stchoice-formations.co.uk\/blog\/stamp-duty-on-limited-company-share-transfers-10-facts\/","title":{"rendered":"Stamp duty on limited company share transfers-10 facts"},"content":{"rendered":"<ul class=\"number\">\n<li>Stamp duty is payable on any transfer of shares that is not exempt and exceeds \u00a31000 in value.<\/li>\n<li>The stamp duty is payable by the buyer or recipient of the shares<\/li>\n<li>Some transfers can be exempt from stamp duty, like:\n<ul class=\"disc\">\n<li>Shares that are gifted to you<\/li>\n<li>Shares transferred to you by your spouse when you marry or enter into a civil partnership<\/li>\n<li>Shares held in trust and transferred between trustees<\/li>\n<li>Transfers that a liquidator makes as settlement to shareholders when a business is wound up<\/li>\n<li>shares held as security for a loan that are transferred back to you when you repay the loan<\/li>\n<li>transfer to the beneficiaries of a trust when the trust is being wound up<\/li>\n<li>shares that someone leaves to you in their will<\/li>\n<li>shares transferred to you when you get divorced, or when your civil partnership is dissolved<\/li>\n<li>certain types of loan capital<\/li>\n<\/ul>\n<\/li>\n<li>Further reliefs apply, for instance, when shares are transferred between commonly owned companies in a group.<\/li>\n<li>The Stamp duty charge is 0.5% of the value of the transaction, rounded up to the nearest \u00a35. So, for example, a valuation of \u00a33100 would attract stamp duty of \u00a320. Where  0.5% of \u00a33100 is \u00a315.50, which rounds up to \u00a320.<\/li>\n<li>Stamp duty is due no later than 30 days after the transaction date.<\/li>\n<li>There are two forms for registering a transfer of shares:\n<ul class=\"disc\">\n<li><a href=\"https:\/\/www.1stchoice-formations.co.uk\/assets\/custom\/files\/st-files\/Form-J30.pdf\" title=\"Companies house j30 form\" target=\"_blank\" rel=\"\u201dnofollow\u201d noopener\">J30<\/a> for a transfer of fully paid shares<\/li>\n<li><a href=\"https:\/\/www.1stchoice-formations.co.uk\/assets\/custom\/files\/st-files\/Form-J10.pdf\" title=\"Companies house j10 form\" target=\"_blank\" rel=\"\u201dnofollow\u201d noopener\">J10<\/a> for a transfer of partly paid or unpaid shares. For more information, see <a href=\"https:\/\/www.1stchoice-formations.co.uk\/blog\/how-to-transfer-shares-in-a-limited-company\/\" title=\"How to Transfer Shares in a Limited Company\" target=\"_blank\" rel=\"noopener\">Shares and the statement of capital<\/a><\/li>\n<\/ul>\n<\/li>\n<li>Both forms contain two certificates on the reverse side. At least one of these certificates has to be completed to confirm that no stamp duty is payable.\n<ul class=\"disc\">\n<li>Certificate 1- states that the transfer is for less than \u00a31000. It also confirms that the transfer is not part of a series of transactions that are collectively valued over \u00a31000.<\/li>\n<li>Certificate 2- states that the transfer is exempt.<\/li>\n<\/ul>\n<\/li>\n<li>A company cannot register a transfer unless:\n<ul class=\"disc\">\n<li>the transfer certificate has been stamped by the Stamp Duty Office, or<\/li>\n<li>Certificates 1 or 2 have been completed.<\/li>\n<\/ul>\n<\/li>\n<li>A transfer of shares is only effective after the Company has entered the transaction in the <a href=\"https:\/\/www.1stchoice-formations.co.uk\/blog\/the-statutory-records-you-must-make-publicly-available\/\" title=\"The Statutory records you must make publicly available.\" target=\"_blank\" rel=\"noopener\">Statutory records<\/a><\/li>\n<\/ul>\n<p><strong>Caution:<\/strong> If you are not sure about the valuation of shares or whether exemptions apply, contact a professional adviser. You can also call the stamp duty help line on 0300 200 3510.<\/p>\n<p>The address of the stamp duty office is:<br \/>\nStamp Duty<br \/>\nBirmingham Stamp Office<br \/>\n9th Floor, City Centre House<br \/>\n30 Union Street<br \/>\nBirmingham<br \/>\nB2 4AR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stamp duty is payable on any transfer of shares that is not exempt and exceeds \u00a31000 in value. The stamp<\/p>\n","protected":false},"author":2,"featured_media":65,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[21],"class_list":["post-64","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-share-capital","tag-company-share-transfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stamp duty on limited company share transfers-10 facts - 1stchoice Formations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.1stchoice-formations.co.uk\/blog\/stamp-duty-on-limited-company-share-transfers-10-facts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stamp duty on limited company share transfers-10 facts - 1stchoice Formations\" \/>\n<meta property=\"og:description\" content=\"Stamp duty is payable on any transfer of shares that is not exempt and exceeds \u00a31000 in value. 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