As mentioned in Practice Note: What does stamp duty apply to?, subject to exemptions and reliefs, UK stamp duty applies (among other things) to instruments of transfer relating to stock or marketable securities at the rate of 0.5% of the value or amount of the consideration for the transfer, subject to the duty being rounded up to the nearest multiple of £5. As noted in Practice Note: Stamp duty on transfers—scope, administration and enforcement, UK stamp duty applies to instruments of transfer which have a connection with the UK because they: • are executed in the UK, or • relate to any property situate, or to any matter or thing done or to be done, in the UK even though the instruments of transfer are executed outside the UK A transfer of non-UK shares may