| Commentary

61 Stamp duty and stamp duty land tax

| Commentary

6: OTHER TAX IMPLICATIONS

61 Stamp duty and stamp duty land tax

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:

  1. 61.1

        transfer of property between associated companies1;

  2. 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

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