Q&As

Does UK stamp duty or stamp duty reserve tax (SDRT) apply to the grant of an option (that is governed by English law) to acquire shares that are issued by a non-UK company?

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Produced in partnership with Sean Randall of Blick Rothenberg
Published on LexisPSL on 14/10/2019

The following Tax Q&A produced in partnership with Sean Randall of Blick Rothenberg provides comprehensive and up to date legal information covering:

  • Does UK stamp duty or stamp duty reserve tax (SDRT) apply to the grant of an option (that is governed by English law) to acquire shares that are issued by a non-UK company?

SDRT does not arise on the grant of an option, however, it could arise on an assignment of the option. The grant of an option does not involve a transfer of any property. In any case, even if (which is not accepted) there were a transfer, the shares are unlikely to be ‘chargeable securities’ for the purposes of the tax. Stamp duty, however, could arise on the grant of th

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