---
title: How to do a Share Transfer
description: Founders needing to return unvested shares? Investors looking to sell their shares? SeedLegals makes share transfers a breeze
---

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# How to do a Share Transfer

## Founders needing to return unvested shares? Investors looking to sell their shares? SeedLegals makes share transfers a breeze

Looking to sell or transfer shares to a new owner? Follow these simple steps to do it straight from your SeedLegals dashboard.

- If you're looking to give equity to a co-founder or team member, and your company has not raised funding yet, it might be easier to [create new shares](https://help.seedlegals.com/en/2192158-how-to-give-shares-to-co-founders-and-team-members?hsLang=en) instead of transferring yours.

If you still want to transfer shares, you've come to the right place, SeedLegals automates everything, here’s what to do:

**1: Create a New Share Transfer**

- Select **Shares** in the left menu, then click the **Share Transfers** tab
- Select **New Share Transfer**
  
  ![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-49-02-1859-PM.png)
- The £290 share transfer cost is shown, but you can get started for free.
- Only share transfers that need the documents below have a cost, if you just want to use the share transfer to update the cap table to reflect an existing transfer, or do a transfer that doesn't need any documents, it's completely free.
  
  ![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-03-00-52-1560-PM.png)

**2: Enter the Transfer Details**

- Select the **Seller** (which needs to be an existing shareholder in the cap table)
- Select the **Buyer** (or create them as a new user or company as needed)

**3: Create your documents**

SeedLegals will create all the needed documents for you: 

- Share Purchase Agreement
- Preemption Notice (needed if other shareholders have preemption rights)
- Deed of Adherence
- Board Resolution
- J30 Form
  
  ![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-54-19-7565-PM.png)

*Note: If you've already completed documents off platform, and are only using the Share Transfer to update the cap table, skip to step 9.*

**4: Do you need to offer preemption to existing shareholders?**

If you have investors with [preemption rights](https://seedlegals.com/resources/uk-term-sheet-explained/), you will need to create a Pre-emption notice, and send this to each investor. 

*If your round was completed on SeedLegals, and you are unsure - reach out to us. We'd be happy to let you know whether you need this!*

**5: Create and Sign the Share Purchase Agreement**

**![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-58-27-1748-PM.png)**

**6: Create and Sign the Deed of Adherence**  
This document brings the new shareholder within the terms of your existing Shareholders Agreement. As this is a Deed, it will need to be witnessed, for more on this see [here](https://help.seedlegals.com/en/2048949-how-do-i-get-a-witness-to-sign-the-instant-investment-deed?hsLang=en)

![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-58-53-0798-PM.png)

**7: Create your Board Resolution**  
This document is the official company approval of the transfer.

![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-59-14-0078-PM.png)

**8: Create and Sign the J30**  
Note - the share transfer will be accounted for at the next Annual Confirmation Statement (CS01). There is no need to file any of these documents at this point in time. 

![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-59-44-1779-PM.png)

**9: Hit "Approve share transfer"**  
This will apply the Share Transfer to your cap table and list of shareholders. 

*Make sure the documents above are all correct and signed prior to doing this!*

*![](https://help.seedlegals.com/hubfs/image-png-Jul-27-2023-02-55-31-9495-PM.png)*

**10: Sign and send the new Share Certificates**  
The share transfer will annul the transferor's original share certificate. 

**11: Pay stamp duty, if needed**

If the value of the share transfer was over £1000 then stamp duty is payable - see [this HMRC article](https://www.gov.uk/guidance/pay-stamp-duty) for more.

- Head to *Shares > Share Certificates* to see the new and updated certificates.

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