Probate Service Private Individuals FAQs

Solutions to common Problems

• Missing certificate?
• Lost share purchase contract note?
• Cannot find information on a security?
• Need apportionment of base costs?

You are missing a share certificate:

As you may know, you need to hold all the valid share certificates in order to transfer or liquidate a shareholding.

Missing certificates will have to be replaced and a Letter of Indemnity may be required.

Luckily, Share Data can assist, making this a straightforward process.

You have lost your share purchase contract note:

This important document is required to provide purchase cost details from which your potential capital gain tax position can be calculated later. Losing the contract note can cause major difficulties as you will have to establish the acquisition date and cost by other means.

Thankfully, Share Data is able to trace the commencement of a particular holding and even able to provide an Inland Revenue-accepted cost price.

We can also provide historical valuations at specific dates. These would typically be required where one company acquires another or in the case of company demergers.

You are unable to find the share you hold listed in the financial papers:

Corporate reorganisations, acquisitions, name changes, demergers and liquidations can make it difficult to effectively administer the shareholdings.

Share Data can track shareholdings going back many, many years to establish what they have become today.

Where companies have been acquired for cash you may still be entitled to the money, in which case we will help you to recover it.

You are unable to work out how to apportion the base cost of your shareholding following a demerger:

Immediately after a demerger, a shareholder needs to know what proportion of the base cost of the original holding is to be attributable to each of the new securities they receive.

We can provide you with this information as soon as it becomes available.

Please contact us for more information.