transfering company shares into individual asset

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  1. tenkayala

    tenkayala New Member

    Dear all,

    I have a unique situation. I have invested some money in a company and hold shares around 4% of the company value. The company bought a piece of land, which in turn has been given for joint development to construct apartments to another Developer. Now, I no longer want to be part of the company and want to exit by transferring the shares of the company into individual asset ( 2 -3 apartments ) in my name. I would like to know the process and tax implications for doing the same.

    Any help is highly appreciated. Thanks!!
     
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