Hello,
I have shares that I want to transfer to my Dad. Is it simply a matter of contacting my broker (Davys) to change it to his name? Would there be any tax advantages for him as he is 65 plus. Also what would be the tax implications-stamy duty? I presume Revenue would know as I have paid USC and PRSI on these from my salary. Do ye think I would I should contact a professional (solicitor?) or is it straightforward?
Thanks
I have shares that I want to transfer to my Dad. Is it simply a matter of contacting my broker (Davys) to change it to his name? Would there be any tax advantages for him as he is 65 plus. Also what would be the tax implications-stamy duty? I presume Revenue would know as I have paid USC and PRSI on these from my salary. Do ye think I would I should contact a professional (solicitor?) or is it straightforward?
Thanks