Shareholders??

[Nixon Williams]

Actually I can see your point, but consider that the real value of the shares is what someone else is wheeling to pay, in my case £0.

Afterall is i transfer shares ( of say £15,000 in UBS) from myself to you at a Nil transfer rate, then what you get is the amount with no reference to the UBS's assets.

off course I most possible dont have a clue on what I am saying, but the J30 form seems straight forward expecially since we are talking only about £5. remember as well that i have been trading for less than a year

Sadly this is not the way our friends at the Revenue would look at it.

The shares have a value in that presumably they pay dividends even if there are few assets in the company. The Revenue has a special unit that deals with valuations of private companies. Factors that they could look at include dividend payments, size of the holding, assets held by the company etc.

Public company transfers are easy as the value is quoted on a stock exchange.

Alan

[css_jay99]

Sadly this is not the way our friends at the Revenue would look at it.

The shares have a value in that presumably they pay dividends even if there are few assets in the company. The Revenue has a special unit that deals with valuations of private companies. Factors that they could look at include dividend payments, size of the holding, assets held by the company etc.

Public company transfers are easy as the value is quoted on a stock exchange.

Alan

Damn, nothing is easy in life.

Regarding your statement, I have no business assets apart from bank balance and I had never declared dividends before the stock transfer.

surely if IR were to value the business for this purposes, they would only be looking at balance sheet figures at time of transfer as opposed to the future.

Since i am a small fish in murky water, i could almost assume they will not bother with me.

I might try to track down this special unit and ask advice as I dont want anything to come back and bite me in the ass!