A stock transfer form records the transfer of fully paid shares from one shareholder to another. Stamp Duty is paid on a stock transfer form if you use a stock transfer to buy stocks and shares for more than £1,000.
When filling out a stock transfer form, you must give all the details of the following:
Following the sale, give details of:
You must provide the value of what you paid for the shares in:
When considering Stamp Duty the value of what you paid for the shares is referred to as the chargeable consideration.
If the transfer is exempt from Stamp Duty or includes no chargeable consideration, you need to complete one of these two certificates on the back of the stock transfer form:
Complete Certificate 1 if the:
Complete Certificate 2 if the:
Do not fill in either certificate if you do not give your shares any consideration or if you intend to claim relief from Stamp Duty. When claiming a stamp duty relief, you must send the completed stock transfer form, together with details of the type of relief – to HMRC.