James Broadhurst writes for the Financial Times’ Your Questions column on inheriting company shares
Many individuals may have an idea of what steps to take when inheriting money, or even other assets such as property. But an important scenario to consider is what steps to take should they inherit company shares (whether public or private).
There are key differences when inheriting shares compared with other types of property. Shareholder rights depend on the terms on which the shares were issued. For a UK public company, the “articles of association” will state whether the shares are freely transferrable.
There are also a range of other key considerations around whether an individual chooses to hold the shares or sell them, and also around tax (including inheritance tax, capital gains tax and income tax).
James Broadhurst, Corporate Partner, explores this topic and provides advice to individuals who may have inherited company sharess, in response to a Financial Times reader's question.
Read his response in the Financial Times here (subscription required).
