Share transfers that cut out the middleman

Article Abstract:

Stock transfers are a way for investors to deal in stocks with no fees payable to a broker. They can be used for gifts to spouses, and no capital gains tax is payable. Gifts of stocks do not attract stamp duty, and can also be made to children. Stocks can also be transferred between investors who agree to a price. The forms for effecting stock transfers tend to be difficult to understand, but little information is needed. Details of the stock numbers, the company involved, the names and addresses of those giving and receiving the stocks, and tax details are all that is needed.

Personal Tax Planning, Security brokers and dealers, Securities Brokerage, Securities dealers, Personal finance, Stockbrokers

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Here's to you, Mr Robinson

Article Abstract:

British personal equity plans (Peps) will be replaced by individual savings accounts (Isas) as financial offering tax advantages. Savers can invest in more products, including some insurance and National Savings products. There are three Isa elements, cash, insurance and stocks and shares, and three sets of standards, one for each element. The CAT standards relate to charges, access and terms.

Public Finance Activities, Tax Administration, Taxation, Savings accounts, Tax policy

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