- What are the tax consequences of gifting stock?
- How do I transfer shares from one person to another?
- Can I transfer my shares to my wife?
- How much does it cost to transfer shares to another person?
- Can I have 2 demat accounts?
- How much money can you gift your spouse tax free?
- Can we transfer shares from one person to another in Zerodha?
- Can I transfer my shares into a family trust?
- Is valuation required for transfer of shares?
- Is Zerodha safe?
- Are transfers between spouses taxable?
What are the tax consequences of gifting stock?
If your loved one sells the stock, the cost basis will be your original cost, $10 per share.
If your loved one sells the stock at $25, he or she will be taxed on a gain of $15 per share.
The tax will be assessed at the short- or long-term capital gains rate, depending on how long you owned the stock..
How do I transfer shares from one person to another?
To initiate a transfer you need to sign a demat instruction slip (similar to a cheque leaf), which the DP will give you, and submit it back to the DP with complete details such as the date of transfer, scrip name, quantity, international security identification number (ISIN), recipient’s DP name and ID.
Can I transfer my shares to my wife?
Yes, you can transfer shares from any account to your account by giving off-market delivery instructions slip to holders DP. There are some minimum charges to transfer the shares. As you are doing the transfer of shares within a family, so we don’t see any major issue from the income tax department.
How much does it cost to transfer shares to another person?
Stamp Duty is payable when company shares are transferred for more than £1,000. In such instances, the new shareholder must pay Stamp Duty tax to HMRC at a rate of 0.5% of the sale value. There is no Stamp Duty to pay on any share transfers below £1,000, or when shares are transferred as a gift.
Can I have 2 demat accounts?
It is perfectly legitimate to have multiple Demat accounts just as you can have multiple trading accounts. The only condition is that you cannot have multiple trading accounts or multiple Demat accounts with the same broker or the same DP.
How much money can you gift your spouse tax free?
If you’re married, you and your spouse can each gift up to $15,000 to any one recipient. If you gift more than the exclusion to a recipient, you will need to file tax forms to disclose those gifts to the IRS. You may also have to pay taxes on it.
Can we transfer shares from one person to another in Zerodha?
If one intends to make the transfer offline, then the person making the transfer needs to fill up the DIS slip. (to know how to get a DIS click here). Refer to this article to know how to fill the DIS Slip. Once we receive the filled DIS, the transfer of shares will be complete within 48 hours.
Can I transfer my shares into a family trust?
What Is the Process of Transferring Shares to My Trust? If you want any existing shares you own to be held by your trust instead, you will need to transfer those shares to your trust. You will need to inform the company that you intend to transfer your shares to your trust.
Is valuation required for transfer of shares?
As per Section 62(1) (c), for preferential allotment of shares, company has to follow rule 13 also. … Therefore, one can opine that valuation is mandatory for allotment of shares on preferential basis and report taken from registered valuer shall fulfill the purpose of all above Acts and laws.
Is Zerodha safe?
Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker . They are among the lowest risk broker for the following reasons: Zerodha is a debt free company.
Are transfers between spouses taxable?
Not all assets are subject to capital gains tax. … The transfer of assets between spouses following a marriage breakdown, and between spouses and third parties, may give rise to a taxable event for the purposes of the capital gains tax provisions.