Q&As

In determining whether the low value exemption (for consideration not exceeding £1,000) from stamp duty applies to a transaction where multiple companies are bought, should one look at the transaction as a whole even though there is a separate stock transfer form for the transfer of each company?

read titleRead full title
Published on LexisPSL on 22/12/2016

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

  • In determining whether the low value exemption (for consideration not exceeding £1,000) from stamp duty applies to a transaction where multiple companies are bought, should one look at the transaction as a whole even though there is a separate stock transfer form for the transfer of each company?

In determining whether the low value exemption (for consideration not exceeding £1,000) from stamp duty applies to a transaction where multiple companies are bought, should one look at the transaction as a whole even though there is a separate stock transfer form for the transfer of each company?

As outlined in the section, ‘Stamp duty exemption for low value transfers’ in Practice Note: Exemptions from stamp duty, an instrument of transfer is exempt from stamp duty provided:

  1. the consideration does not exceed £1,000

  2. it does not form part of a larger transaction or series of transactions in respect

Related documents:

Popular documents