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Instructions with your broker to help facilitate your gift and contact the Office of Gift Services with any questions. If the securities are held electronically: Your bank or broker may transfer stock to UNC s brokerage account with the information below. Brokerage: Account Name: Account Number: DTC Number: WF Contact #: Wells Fargo Advisors UNC-Chapel Hill 89994225 0141 (800)-334-1637 It is important that the bank or broker contact the Office of Gift Services in order for us to identify t.

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What is the date and value of my gift? The recorded gift value of a publically traded security is the average of the high- and low-market prices on the official gift date.

The basic rule is that on gifting shares an employee is deemed to have received a benefit in kind. Income tax and sometimes national insurance will then be payable.

The standard off-market transfer fee of ₹25 or 0.03% per stock, + 18% GST whichever is higher, is applicable. There are no additional charges for gifting securities. This is automatically debited from the sender's trading account.

On transfer of shares & securities: The transfer of a Capital Asset is taxable as Capital Gains. However, the definition of 'transfer' as per Section 47 specifically excludes gifts. Thus, the gift of shares and securities is not taxable in the hands of the sender of the gift.

Publicly traded securities are securities including shares, stock options, bonds, mutual fund units that are traded freely on the market.

Gifts of appreciated securities are generally more cost effective than gifts of cash. A gift of stock with a long-term gain entitles a donor to a charitable deduction for the full current market value and is exempt from any capital gains tax.

Gifting company shares with the potential to grow significantly in value can make a nice present, though it's worth bearing in mind that this generous act may be subject to gift tax and result in a hefty tax bill for the recipient when it's time to sell.

You can start the process online in your own brokerage account by opting to gift shares or securities you own; if you can't find that option, contact your brokerage firm directly. If you want to gift a stock you don't already own, you'll have to purchase it in your account, then transfer it to the recipient.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232