IPS tags and domain transfer

[hargi]

Can someone explain this to me.

Hosting and domain names at the same company is fine I get that.

Now I want to transfer a domain name to someone else and cancel the hosting.
I have asked the other party for their new IPSTAG is this all I need to do, or how do I get rid of this domainname to someone else.

Cheers

 

[hargi]

I see,
Think they are wanting to host it on there server in house.
I know I can change the DNS to point to theres. But I dont want to be responsible for there domain name I want to transfer that over.