| Commentary

276 Stamp duty and stamp duty land tax

| Commentary

4: ISSUES ARISING FOR THE ACQUIRING COMPANY

(a) Stamp duty

276 Stamp duty and stamp duty land tax

Two different regimes now apply to company reconstructions, depending upon whether the scheme involves transfer of shares or transfer of the assets of a business.

In the case of a transfer of shares, the old stamp duty regime continues to apply, as amended, in the light of the introduction of stamp duty land tax. In the case of a transfer of business assets, stamp duty land tax will apply to the transfer of any land or buildings. In each case, there are

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