Is it possible to change transfer your shares to one of your relative? Any ideas will be appreciated.

See http://www.hmrc.gov.uk/so/faqs.htm#2. If the transfer is a gift it is exempt from stamp duty, but unless it is between husband and wife it will be treated as a sale for capital gains tax purposes. If it is a gift between husband and wife the new holder will inherit the purchase price and any adjustments. If is a sale to a relative then it will be liable both to stamp duty and CGT.

If you are prepared to take the capital gain/loss, and the amount is not too much then rather than gift the shares, it may be easiest to get a friendly broker to transfer the shares in an 'X' trade. All you should pay is the stamp duty and a very small broker fee.

Thanks Kayak and Optimist.