A7. In all cases where private transfers of shares occur, a Non-Market or Stock Transfer form should be completed. Where the transferred shares are a gift and no money is changing hands, the reverse of the transfer should be completed and a declaration made under one of the categories listed A - M. Where the shares are transferred for cash, stamp duty is payable on these shares (usually the buyer of the shares is responsible for this), and the transfer should bear the appropriate Inland Revenue Stamp Duty on the front of the transfer. This stamp should equal or exceed 0.5% of the consideration money (money used to buy the shares), rounded up to the nearest £5. The transfer form should be taken or sent to the nearest Stamp Office for this to be done prior to being forwarded to the registrar together with the share certificate(s) for cancellation.
Click here to access or download a Stock Transfer form