I thought this would have been covered quite well, but surprisingly a google search yielded only the Spacial end user license agreement which told me nothing.

I'm currently using Sam Broadcaster Pro 2020.6. I have a friend who's interested in getting into radio, and doing my slot on alternative weeks on a Sydney station. So I wanted to transfer my 2016.8 license to him at no cost, as I'm hapy to help him get into radio.

I thought it would have been something to do with getting into myspacial and checking if there was a transfer option there, but no cigar.

Any advice please appreciated.

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Unfortunately, the answer is no. The only thing you could do is give him the 2016.8 license key. But in case he wants to pay for an upgrade, only you will be the one capable of doing that since it is your account.