Stamp duty

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Stamp duty guidance:

HMRC—Stamp Office [insert HMRC Stamp Office address] Application for stamp duty group relief under section 42 of the Finance Act 1930 (as amended) in the matter of a...

Precedents

This Practice Note examines: • the stamp taxes that arise on issue or subsequent transfer of: ◦ bearer bonds, and ◦ registered bonds • exemptions from the imposition of...

Practice Note

If an exemption from stamp duty applies, a document (ie an instrument of transfer) which would otherwise be subject to UK stamp duty is exempt from such duty. This...

Practice Note

Executive summary When securities are transferred into a depositary receipt system or a clearance service, a 1.5% charge to stamp duty or SDRT generally arises, provided...

Practice Note

Since 28 April 2014, no stamp duty or stamp duty reserve tax (SDRT) is chargeable on a transfer of shares or securities that are: • admitted to trading on a recognised...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

Most transactions in publicly traded UK securities involve and take place through one or more intermediaries such as stockbrokers and banks. This is why intermediaries...

Practice Note

Debt which: • qualifies as loan capital (whether it is short or long-term debt), and • satisfies further conditions aimed at ensuring that it is a normal commercial loan...

Practice Note

Most publicly traded UK securities are held in the electronic system, CREST. CREST is operated by Euroclear UK & Ireland (Euroclear). Holding securities in CREST allows...

Practice Note

[Insert HMRC Stamp Office address] [Insert date] Dear [insert organisation name] Purchase of shares in [insert name of company][Limited OR PLC] (the Company) [— Stamp...

Precedents

This practice note explains: • what depositary interests (DIs) are and why they are used • why stamp duty is unlikely to apply to transfers of UK issued DIs • the...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

This Practice Note considers the application of stamp duty and stamp duty reserve tax (SDRT) to the transfer of interests in private equity partnerships. The UK levies...

Practice Note

STOP PRESS relating to market value consideration for transfers of listed securities to connected companies: Finance Act 2019 introduced a targeted market value rule for...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

FORTHCOMING CHANGE on amendments to FA 1986, s 77A: Finance Bill 2019–20 amends, with effect from Royal Assent, section 77A of Finance Act 1986 (FA 1986) to ensure that...

Practice Note

1 [On Completion, the Buyer shall procure that the Company repays in full the Borrowings of [the Company OR each relevant Group Company] [by [insert detail on method of...

Precedents

Relief from stamp duty is available where beneficial ownership of stock or marketable securities is transferred between two bodies corporate that are members of the same...

Practice Note

Provided the strict conditions for the stock lending and repo relief from stamp duty and SDRT are satisfied: • no liability to SDRT arises on an agreement to transfer...

Practice Note

This Practice Note outlines the stamp duty and stamp duty reserve tax (SDRT) treatment of the issue and transfer of sukuk, a form of Shari’a-compliant financing, also...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note
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