AccountancyStudents Forums
 

   
 
Transfer of Shares - Nominal Value or a Gift?
Posted: 19-01-2010 07:16 AM   [ Ignore ]
New Member
RankRank
Total Posts:  44
Joined  20-04-2009
Studying:  ACCA
Method:  Home Study

A company wants to transfer shares from one trust to another. Could someone please let me know if it is best to do this as 1) A gift 2)Transfer at Nominal Value.

What are the implications of doing the above and would I have to get a valuation on the above? Would I need to apply Fair Value to a gift?

Any pointers or help appreciated.

Thanks

Profile