6: OTHER TAX IMPLICATIONS61 Stamp duty and stamp duty land taxIt is not unusual for assets to be transferred either to or from the target company immediately before the implementation of a reorganisation. In respect of transfers of stock or marketable securities, relief from payment of stamp duty may be provided in a variety of circumstances relevant to takeovers and company reorganisations:61.1 transfer of property between associated companies1;61.2 company acquiring the whole or part of the undertaking of another (target) company in pursuance of a scheme for the reconstruction of the target company2
It is not unusual for assets to be transferred either to or from the target company immediately before the implementation of a reorganisation. In respect of transfers of stock or marketable securities, relief from payment of stamp duty may be provided in a variety of circumstances relevant to takeovers and company reorganisations:
transfer of property between associated companies1;
company acquiring the whole or part of the undertaking of another (target) company in pursuance of a scheme for the reconstruction of the target company2
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