Selling Australian shares

NannyJoan48

Have been following these posts for a few years in the hope of finding a way to sell my partner`s Commonwealth Bank of Australia shares. The biggest problem was finding an English Broker who traded on the Australian stock market. He acquired his shares because  CBA did a takeover of Colonial Bank in around 2000 in which he had a life insurance policy and was given CBA share in lieu of his payments into the life insurance
I eventually found one called Walker Crips in London who trade on the British Stock Market and have connections to foreign markets They sold our shares and converted the money into English pounds and deposited the money into our bank account. It helped that I had the login details to my partner`s account at linkmarketservices.com.au  I am doing this for him as he does not use computers. Once money laundering checks had been made after opening an account with them, our details registered ( I was registered as a joint account holder} we were ready to go. Within days after the initial checks were made the money was in our bank account. My understanding is that the only tax to be paid is Capital Gains Tax as other taxes have been paid when dividends were paid out. A reminder that personal allowances for Capital Gains tax were reduced to £6K in 2023 and will be further reduced to £3K in 2024 The phone number for Walker Crips is 02031008400 or   client.services@wcplc.co.uk  I hope this post helps other people stuck in this void. No, I do not have shares in WalkerCrips. I am just a very grateful customer who wants to sing their praises and help others with the same problem. Hope this helps

AcciesOK

Hi. Re previous post by NannyJoan48 my circs seem very similar. Process of selling seemed daunting till I saw that post directing owners to WalkerCrips. I just wanted to let you all know that I have just sold my CBA shared through WalkerCrips and it was remarkably easy. Whole process took about 2 weeks. Fees charged were more than reasonable and am very happy with the whole proiocess. Like NannyJoan48 I have no personal or business connection with WalkerCrips but just want to share with you how easy and inexpensive the process was. David Goymer was my contact and he was great in guiding me through the process. Hope this helps if you are contemplating selling your CBA Shares.

Share Dealing Team 

8 sharedealing@wcgplc.co.uk

8 David.Goymer@wcgplc.co.uk

( Tel: Direct - 0203 100 8678 ; Sharedealing - 0203 100 8400 ; switchboard - 0203 100 8000  

6 Fax: 0203 100 8001

Tinkerbell778

Big Thanks to @NannyJoan48 and @AcciesOK on this. I have just been through the same process and used Walker Crips as you both suggested and successfully managed to sell my shares too and David Goymer was an absolute star. I am sure I drove him mad but he was really patient and so helpful. I couldn't have done it without him! 

Focusritefocus

Thanks to the previous 3 posts. After spending futile hours on the internet, I followed their links and have started the process of selling my CBA shares. I'll report back when it's done. Thanks again.

Knobblyknees999

Hi Focusritefocus have you managed to sell your CBA shares? I’ve found this as I’m looking for advice to sell mine as a UK resident, finding it hard to know what to do.

wmb194

Knobblyknees999 said:

Hi Focusritefocus have you managed to sell your CBA shares? I’ve found this as I’m looking for advice to sell mine as a UK resident, finding it hard to know what to do.

As suggested above, have you tried Walker Crips?

Knobblyknees999

Thanks, yes I have been in contact with Walker Crips, I was just wondering if @Focusritefocus had an update on their experience 

Sue59_2

Hi Alan,
I'm also in tha same position and CBA bereavement department have been awful, this gas gone on a couple of years, now they've changed their names and I've got to start all again with new forms!! Did you manage to sell them?

bgy3jlh

I know that this thread is old, but I just want to cry. LINK Market services is now MUFG and both companies are atrocious.

My dad died in 2023 and I'm grappling with trying to get the holding information (they sent me the holding information for the wrong date, after intially sending me informaiton over email which was contrary to their processes and couldn't be verified!). Previously he had attempted to transfer the shares into my name but he went around and around in circles with no success. 

Has anyone actually had success? Like I said, I want to cry

@Sue59_2 can we pal up for mutual support and knowledge sharing?

bgy3jlh

@Focusritefocus can you provide any advice/help?