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Get Started in Shares by Glen Arnold

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Transferring shares without brokers

It is possible to complete an off-market transfer without the use of a broker if the transfer is between people you know, such as friends or spouses. You need to complete a stock transfer form, which is available free from the company registrar, or from brokers, banks or on the Internet (legal stationers will charge you for the form). The transfer form on the back of share certificates is for use when you are trading in the stock market, so is not suitable for DIY share selling or gifting. You need to have a share certificate to complete a transaction without a broker. If the shares are held in a broker’s nominee account (see Chapter 5) the broker will charge for the transfer.

Stamp duty does not apply to ...

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