Our Share for Share Exchange service is suitable for private limited companies incorporated in the United Kingdom who are looking to restructure their group of companies by way of a share for share exchange.
There are a number of reasons why a share for share exchange occurs. A common reason is the insertion of a new holding company. This involves the shareholders exchanging their shares in the existing company for equivalent shares in a newly incorporated company, which becomes the new holding company.
Tax relief is available for shareholders exchanging their shares as part of a sale or restructuring if certain conditions are met. We typically work with your accountants or tax advisors to assist you in this regard.
What does our package include?
| 1 |
A review of the company's Articles of Association and any other document that may affect the share exchange such as a Shareholders' Agreement. |
| 2 |
Directors' and shareholder resolutions to approve the share exchange. |
| 3 |
A share exchange agreement drafted in accordance with your instructions. |
| 4 |
Liaising with the Company's auditors/accountants as required. |
| 5 |
Filings at Companies House. |
| 6 |
Updating company registers, cancelling and issuing share certificates as required. |
| 7 |
Application for relief from Stamp Duty under s.77 Finance Act 1986 (additional charge if required). |
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If you require a new company to be incorporated as part of a restructuring, we can assist you with this too - please refer to our Company Formation service for further details.