Shares may only be transferred by completion of a stock transfer form. To complete
the form you will need to insert the following information:
- The amount of consideration paid for the shares
- The full name of the company in which you hold shares
- The type of shares that you hold e.g. Ordinary Shares of 10p each
- The number of shares in words and figures that you are transferring
- Your signature and, if appropriate, the signatures of any joint holders
- The full names and address of the person to whom you are transferring the shares
If the amount of the consideration is more than £1,000 you may have to pay Stamp
Duty. This means you have to send HM Revenue & Customs (HMRC) the stock transfer
form for stamping, along with your payment. The address of HMRC is set out below.
You pay Stamp Duty at the rate of 0.5 per cent of the value of the chargeable consideration,
rounded up to the nearest £5, on each document to be stamped.
If you don’t give any consideration for the shares you should enter ‘Nil’ as the
If the transfer is exempt from Stamp Duty or no chargeable consideration is given
for the transfer you need to complete one of the certificates on the back of the
stock transfer form. The certificate you need to complete depends on the facts.
When to complete Certificate 1
You should complete certificate 1 if both the following apply:
- the consideration you give for the shares is £1,000 or less, and
- the transfer does not form part of a larger transaction or series of transactions
where the total exceeds £1,000.
When to complete Certificate 2
You should complete certificate 2 in the following situations:
- if the transfer is exempt from Stamp Duty, for example, transfers in connection
with divorce or the dissolution of a civil partnership, or
- if the consideration given is not chargeable consideration.
- if the security is traded on a market which is exempt from stamp duty (LSE AIM and
High Growth Segment, ISDX Growth Market and Irish Stock Exchange
ESM). A list of exempt securities is listed on the Euroclear web site.
You don’t need to send this form to HMRC if you have completed either Certificate
1 or 2, or the consideration for the transfer is nil.
If Stamp Duty is payable you will need to send the completed stock transfer form to:
Birmingham Stamp Office
City Centre House
30 Union Street
Further information is set out in the Stamp Duty section of the HMRC website.
This includes a stamp duty calculator.
You should then send the completed and stamped (if applicable) stock transfer form
together with the covering share certificate to this office for registration. We
will prepare a new share certificate in the name of the transferee and send you
any balance certificate that may be required.
Download Stock Transfer Form (PDF)