Q&As

Does a share buyback attract stamp duty?

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Produced in partnership with Mary Ashley of Old Square Tax Chambers
Published on LexisPSL on 30/01/2019

The following Tax Q&A produced in partnership with Mary Ashley of Old Square Tax Chambers provides comprehensive and up to date legal information covering:

  • Does a share buyback attract stamp duty?

Stamp duty is an ad valorem duty which applies to transfers of stock and marketable securities for consideration where the transfer is effected by a written transfer instrument.

Stamp duty will generally apply to the return (Form SH03) that is required to be submitted to Companies House in respect of a buy-back of UK shares. For more information, see Practice Notes: Tax consequences of share buybacks and What does stamp duty apply to? and Q&A: When does

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