Q&As

Does stamp duty frank any stamp duty reserve tax (SDRT) payable on the same share transfer?

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Published on LexisPSL on 22/12/2016

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • Does stamp duty frank any stamp duty reserve tax (SDRT) payable on the same share transfer?

Stamp duty generally applies to transfers of stock and marketable securities for consideration in the form of cash, an assumption of debt or stock/marketable securities. Stamp duty is a tax on documents. Where certificated shares are transferred, the stock transfer form is generally the document subject to stamp duty. For more detail on calculating stamp duty, see Practice Notes: Stamp duty on transfers—consideration and calculation and Stamp duty and SDRT on the sale of certificated registered UK shares.

Stamp duty reserve tax (SDRT) applies to agreements to transfer chargeable securities for consideration in money or money’s worth. For more detail on calculating SDRT, see Practice Note: Stamp duty reserve tax on the sale of UK shares

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