Transferring shares to a new private limited company

Krishna Neelamraju (Chartered Accountant) (38 Points)

21 October 2015  

Hi CAClubbers

My client wants to transfer some shares she has to a newly formed private company. She will receive the shares of the private company in consideration. I want your help in planning in such a way that there are minimal  costs.

- Is there a way to do this without attracting stamp duty and capital gains?

- What are the implications if the company is a foreign company? For example a Singapore incorporated entity?

 

Thanks in advance!