shares

ktj

My father has a small no. of privatisation shares -- bt group and hbos. So do i. Following his death I have inherited his shares and have to decide if the executors of his will are to sell them or arrange for their transfer to me.
My question is, if they are transferred to me to add to my existing holdings in these companies, when I come to sell them, will i just have 1 set of dealing charges per company to pay or 2 sets per company.
Also what is the cheapest way to sell shares.
Thanks in advance - any advice gratefully received.

gt94sss2

If the shares are transferred to your name when you come to sell them, you will only have 1 set of dealing charges per company.

As for the cheapest way to sell shares:

I would recommend that you join Selftrade - they charge £12.50/trade to buy/sell shares.

After joining them, you would simply need to fill in a CREST transfer form per company you hold and send the share certificates to them. Once they have been registered against your account, you can sell them at any time. This process takes about a week.

They charge no annual fees or inactivity charges for their standard dealing accounts, so it doesn't matter if these are the only shares you own and won't be buying any others.

In addition, Selftrade also have a referral scheme where you could get up to £80 (if interested, my details are in post 242 in that thread) for joining them - if the shares are all in one/a handful of companies you would even be making a net profit on selling the shares!

Regards
Sunil

ktj

Many thanks. ktj