Declaration of trust for the transfer of shares


Published by a ½Û×ÓÊÓƵ Share Incentives expert
Precedents

Declaration of trust for the transfer of shares


Published by a ½Û×ÓÊÓƵ Share Incentives expert

Precedents
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FORTHCOMING CHANGE: Following a call for evidence in 2020, the resulting outcome published in 2021 and consideration by the relevant HMRC and industry working group, on 27 April 2023 as part of Tax Administration and Maintenance Day the government again sought views on proposals to modernise the stamp taxes on Shares framework, including the proposed introduction of a single self-assessed stamp tax on securities (rather than stamp duty for paper instruments and SDRT for electronic transfers), with the tax collected, for non-CREST transactions, through a new online HMRC portal. The consultation also sought views on the scope of the new tax (and exemptions from the charge), as well as how to assess and administer the tax. For further information see: Stamp Taxes on Shares modernisation and Tax Administration and Maintenance Day—27 April 2023 The outcome of the consultation was published on 28 April 2025, when it was also confirmed that for the majority of proposals, the government will be proceeding as outlined in the consultation document — See: Consultation outcome: Stamp Taxes on Shares

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Jurisdiction(s):
United Kingdom
Key definition:
Shares definition
What does Shares mean?

The CA 2006 merely provides that a share is a share in the company's share capital. A company's share capital comprises the number of shares issued by it to investors either on or after incorporation. Those investors then become the shareholders in the company. A shareholder’s shares are their personal property. By contrast, the assets of a company are owned by the company itself. Owning shares does not entitle a shareholder to any property rights in the company's assets.

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