New Stock Transfer Form
The only change to the form is that a new certificate has been added to the reverse. The old form only provided a certificate covering the situation where the transaction was exempt from stamp duty because the consideration for the transfer was less than £1,000.
The revised form contains an additional certificate which aims to cover other circumstances where the transaction will be exempt from duty; for example where the shares are being transferred in connection with a divorce or the dissolution of a civil partnership.
The HMRC hope that this will reduce the number of rejected forms.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.