P543 Teletext 543 Dec10 22:22:25         —— HOW DO I TRANSFER SHARES? —————————— Dear Teletext At privatisation I bought shares in Powergen and National Power in my l—lD my wife's name and my baby grand- daughter's nAlD. My granddaughter now has a baby brother and I wish to transfer my shares to him. How should I do this? J W Ministed, Milton Keynes. ——————————————————————————————————1/7—— Mortgages updated every Thursday 545 DOWNLOAD SHARES ON YOUR PC p532/533 Property Plus Your money (ax Index
P543 Teletext 543 Dec10 22:22:43         —— HOW DO I TRANSFER SHARES? —————————— Teletext replies: Congratulations! To transfer shares from your l—lf to your grandson's is fairly simple and inexpensiff. But you may have to —by tax on a "capital gainb. To transfer, contact the company's registrars. contn.. ——————————————————————————————————2/7—— Check your premium bonds 549 DOWNLOAD SHARES ON YOUR PC p532/533 Property Plus Your money Tax Index
P543 Teletext 543 Dec10 22:20:00         —— HOW DO I TRANSFER SHARES? —————————— Teletext replies: Powergen's registrars are the Royal Bank of Scotland in Bristol on 0272 763 005. National Power's registrars are Lloyds Bank in Birmingham on 021 433 8000. National Power also has a shareholder helpline on 0793 899 2066. It can answer all your questions about your shareholding. But Lloyds will advise on the actual share transfer. cont. , ——————————————————————————————————3/7—— The Alternative Christmas Guide 542 TAKE A TRIP ON THE 'TISER - p470 Property Plus Your money Tax Index
P543 Teletext 543 Dec10 22:21:15         —— HOW DO I TRANSFER SHARES? —————————— (fletext replies: The registrars will send you a form. Transfer is straightforward as you are transferring by way of a gift to a minor under 18. You must provide a copy of your grandson's birth certificate to prove his age, or the shares will have to be held in the name of a trustee. This will take a few weeks. cont... ——————————————————————————————————4/7—— Check your premium bonds 549 DOWNLOAD SHARES ON YOUR PC p532/533 Property Plus Your money Tax Indfx
P543 Teletext 543 Dec10 22:21:32         —— HOg DO I TRANSFER SHARES? —————————— Teletext replies: You are transferring at a good time as incentives offered by both National Power and Powergen have been fulfilled These included either a discount on the share price or bonus shares which had to be held for a period of time. It is worth keeping a record of the share price on the day of the transfer so that you can demonstrate either way if you are liable to a tax charge. ——————————————————————————————————5/7—— Cash saving tips with Superscrooge 674 9m PEOPLE ENJOY TELETEXT EVERY DAY Property Plus Your money Tax Index
P543 Teletext 543 Dec10 22:21:50         —— HOg DO I TRANSFER SHARES? —————————— Teletext replies: The tax implication of transferring shares in your case is: you could face a tax charge if the appreciation in total value of shares exceeds your capital gains allowance now £6,000 (pre-Budget £5,800) Your gain or loss is calculated as the difference between the value of shares at the date of transfer and the price you paid. ——————————————————————————————————6/7—— Check your premium bonds 549 TAKE A BREAK - SHORT HOLIDAYS p292 Property Plus Your money Tax Index
P543 Teletext 543 Dec10 22:22:08       @  ——— HAVE YOU A QUESTION? —————————————— Write to: TELETEXT: FINANCIAL LETTERS PO BOX 297, LONDON SW6 1XT fax no: 071 386 7808 All answers will appear on screen only. Seek independent financial advice before taking any investment decision. ——————————————————————————————————7/7—— Advice Clinic will update on Tuesday ALL THE LATEST MONEY N &S p541 Property Plus Your money Tax Indeq @