Stock Transfer Form
The latest stock transfer form 2012, as amended by HMRC.
A stock transfer form, also known as a share transfer form is a legal document to record details of transfer of share(s) from one shareholder to another.
You can download the the latest stock tranfer form and as an added value, will also receive in the same download, a share certificate template that can be used time and time again.
What to look for
Key Features
What you will get
What to look for
When buying a stock transfer from a website you must ensure that you will be getting the latest document of the stock transfer form. Legislative changes affecting the transfer of shares are continuously being changed. However, the nature of internet is such that the search engines continue to index pages that have not been updated.
Our assurance to our customers is that our stock transfer form is up to date with the latest HMRC guidlines. The latest update issued by HMRC was on 6 April 2012.
Key Features
Our stock transfer form is suitable for private and public limited companies incorporated in England, Wales and Scotland and includes the changes announced about the stamp duty by the Chancellor of Exchequer in the 2008 Budget. These changes came into effect for instruments executed on or after 13 March 2008. A further amendment to the stock transfer form was recommended by HMRC for transfer of shares taking place on or after 6 April 2012.
Further information about why the stock transfer form has been changed is available on the HMRC website. http://www.hmrc.gov.uk/news/changes-stock-trans-form.htm
What you will get
- Downloadable Stock tranfer form for share transfers that took place on or after 6 April 2012. You can complete the form on screen and print it to obtain signatures.
- Self certification to obtain exemption from paying the stamp duty is part of the same form.
- Guidance notes included for completion of stock transfer form and for the overall share transfer procedure.
- Share certificate template that can be used time and time again. Our share certificate template is compliant with the latest legislation of Companies Act 2006.
- Guidance notes for completing the share certificate.
- Telephone or email support from professional eformations staff.
The stock transfer form should be stamped by the HMRC prior to being lodged with the Company for registration. A number of transactions fall within the exempt category. These are discussed in the guidance notes that come with the stock transfer form downlaod.
Further information
Why has the stock transfer form been changed?
First major change was made to the stock transfer form in 2008 due to the abolition of stamp duty fixed charges announced by the Chancellor of Exchequer in the 2008 Budget. This form led to many practical problems encountered by the legal sector and the Registrars. The recent update to the stock transfer form announced by the HMRC in March 2012 provides more information for them to fulfill their obligations under Section 17 of the Stamp Act 1891. A new certificate has now been added to the reverse of the form to collect full information. HMRC has advised that if the transfer of stock or share took place on or before 6 April 2012 the new stock transfer form should be used.
What will happen if I use the old version of the form?
Old versions of the stock transfer form are being accepted by the HMRC until 5 September 2012. Where the old version of the form is being used for a transfer which is otherwise exempt from stamp duty or for which no chargeable consideration is given it is recommended that you either:
- add the certificate manually to the reverse of the form and complete and sign it;
- provide the Registrar with further details, including relevant supporting documentation, about the transfer and why it is exempt from stamp duty.
Failure to do either of the above may result in the form being rejected and a delay in the shares being registered in the name of the new owner.
I am executing a share transfer that took place before 6 April 2012. Which form should I use?
You can use the updated 2012 version of the stock transfer form.
