I'm thinking about gifting share certificates to my grandchildren. Has anyone done this using the usual stock transfer forms sent to the registrar and were there any problems.
I'm aware of capital gains tax and inheritance tax considerations but the amounts will be less than my annual allowances. It's really the practical aspects I'm unsure of. I've used transfer forms several times before to a spouse. That was exempt from any tax implications and straight forward. One issue is the child needing a bank account to accept dividend payments, They will only be 5 years or 7 years old when I plan to start doing this.
I'm aware of capital gains tax and inheritance tax considerations but the amounts will be less than my annual allowances. It's really the practical aspects I'm unsure of. I've used transfer forms several times before to a spouse. That was exempt from any tax implications and straight forward. One issue is the child needing a bank account to accept dividend payments, They will only be 5 years or 7 years old when I plan to start doing this.