Share Transfer

According to New Zealand legislation, a company must notify the New Zealand Companies Office when updating, adding, or removing a share allocation. A share transfer is a big decision for any company, so care and attention are required, particularly in the documentation and consultative process. If it’s your first time to transfer a share, then it’s best to seek professional advice so that you don’t sign an agreement that may result in you losing out on any potential benefits such as imputation tax credits.

In any negotiation with a party about a share transfer, numerous documents must be considered. There should be a sale and purchase agreement to record information such as the price for shares, the scheduled date of transfer, and the party that will become the new shareholder for that holding. In addition, a written record must be kept of all the share transfer documents that were prepared and signed.

Before you decide to transfer your company share, you should consider the following factors:

1. What will be the amount of loss carried forward?

2. Will there be retained earnings?

3. What are the current details of the shareholder accounts?

4. What are the details of the imputation tax credits?

Why Choose Us?

Premium Accounting Solutions is an Auckland-based accounting firm that has provided financial services to clients throughout New Zealand since 2008. You can count on our team of experienced professionals to help you transfer and share more safely. Aside from providing expert advice and guidelines, we’ll help you fill out all the necessary applications and related documentation. Get in touch with us today and let our professionals help you out with your finances. We’ll take the hassle out, so you can settle down and focus on your business strategy.

This page is also available in: 简体中文

Need help with accounting needs?

We are happy to help

Contact Us