Archived article: This article was correct at the time of publishing. Tax, investments and pension rules can change over time so the information below may not be current.

A simple way to consolidate your shares

You may not be aware that we are able to hold UK-listed shares, as well as funds, on behalf of our clients. An increasing number of people have contacted us recently to consolidate shares that they hold in certificated form onto our own platform in order to simplify their administration.

Ben Gilbert Ben Gilbert
29 October 2014

There is unlikely to be any cost associated with transferring – although our usual annual service fees will apply once the assets have been transferred – and it does not constitute a chargeable event with regard to Capital Gains Tax (CGT). Once the shares have been placed into your account, you can monitor them with ease and switch them to other investments as and when you wish.

If you do hold any shares that you wish to consolidate, the process is very simple. Please send in your share certificates to Bestinvest, 6 Chesterfield Gardens, London, W1J 5BQ and we will take care of the rest. We would always recommend sending these documents via Special Delivery if possible as share certificates are difficult to replace and you may incur costs.

To find out more about consolidating your shares, our team is available on 020 7189 2400 or email best@bestinvest.co.uk.

Some registrars may levy an administration cost for transferring shares.  The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. This email is not a personal recommendation, or advice to use any of our services.

Please note that transferring your shares to Bestinvest as stock does not constitute a chargeable event with regard to Capital Gains Tax (CGT). However, any subsequent sale of a non-ISA holding will be potentially chargeable to Capital Gains Tax, and you should note the gain/loss on your tax return. The taxable gain on securities is calculated by deducting the purchase cost from the sale proceeds. Each UK resident has an annual tax free allowance (£11,000 for 2014/15).