Transfer of share without consideration as a gift

Hello All,

If in a private company, a shareholder want to gift/transfer his shares to his wife i.e. without consideration then how to calculate stamp duty? And what to mention in consideration column of SH4? Can we mention Nil or 0 ?

Kindly guide


Regards,
Fazil Ahmad
Replies (2)
Quick Summary
This discussion addresses the process of transferring shares in a private company to a spouse without any payment, essentially as a gift. Key questions revolve around calculating the correct stamp duty for such transfers and what to accurately record in the 'consideration' section of the SH4 form. The consensus suggests that a valuation of the shares is necessary, and stamp duty should be based on this valuation, rather than indicating 'nil' or '0' for consideration.

Valuation should be done and stampduty must be on valuation
What about consideration column in sh 4

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