Stock Transfer Form is to be filled in and signed by both the person giving away or selling the shares and the person receiving or buying the shares.
The stock transfer form is an internal document and it does not have to be filed with Companies House and HM Revenue and Customs. However, stamp duty may be applicable if the value of shares to be transferred is above the taxable limit. In this situation, the stock transfer form must be sent to HMRC for stamping. Please contact your accountants on the stamp duty limit.
A copy of the stock transfer form can be downloaded here for free.
Remember to register the change of shares ownership with Companies House through filling the annual return. The new shareholder names and number of shares transferred must be presented in the annual return.
Lastly, the director must issue new share certificates to the new shareholders.
Concise Accountancy - Making company administration simple