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Transferring shares as a 'gift'
MoneySaving_Newbie_2
Posts: 27 Forumite
Good evening all!
My brother and I both have £750 worth of Royal Mail shares and my brother has offered to 'gift' (?) me his full amount. Is there a way in which his shares can be transferred into my name without paying agent's/tranaction fees and who do I need to contact to get this underway?
My brother and I both have £750 worth of Royal Mail shares and my brother has offered to 'gift' (?) me his full amount. Is there a way in which his shares can be transferred into my name without paying agent's/tranaction fees and who do I need to contact to get this underway?
0
Comments
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If they're held with a broker, contact them.
I did this a while ago with CSD and all that was required by them was a signed letter from me stating clearly the details of the transfer and that it was being made as a gift. No charges whatsoever.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
We bought them directly in the sell-off of Royal Mail. Thanks JohnRo.0
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