I am wondering if I can transfer ownership of my account (1 active self hosted license) to one of my community staff members? This community has been live for 8 years, most of that time on the cloud, I no longer want to run a forum due to other priorities. Can this be arranged, I have not discussed with my staff pending the decision here as I know this isn't typically allowed, I would not be selling the site for any amount of money, I would be giving it to them.

Generally you would want to talk to the IPS accounts team for help with this.

https://invisioncommunity.com/contact-us/

Choose "Accounts and Billing" as the department.  (An IPS member could also create a ticket for you as well, but that lets you do it yourself.)

Self-hosted licenses are not transferrable as per EULA unfortunately.