Stamp duty

View Tax by content type:

Featured Tax content

Practice notes
FORTHCOMING CHANGE: HMRC is consulting (13 July to 10 August 2020) on draft regulations to provide a deduction from a UK entity’s equity and...
Read More >
Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 9th Nov
Practice notes
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
Read More >
9th Nov
Practice notes
Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
Read More >
Produced in partnership with Martin Wilson 9th Nov
Practice notes
Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
Read More >
Produced in partnership with Gary Barnett, Martin Shah and Simmons & Simmons 9th Nov
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
Read More >
9th Nov
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
Read More >
Produced in partnership with Zoe Feller of Bird & Bird 9th Nov
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
Read More >
Produced in partnership with Eloise Walker of Pinsent Masons 9th Nov
Practice notes
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
Read More >
9th Nov
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
Read More >
Produced in partnership with Philip Rutherford 9th Nov
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
Read More >
9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
Read More >
9th Nov
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
Read More >
9th Nov
Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
Read More >
9th Nov
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
Read More >
9th Nov
Practice notes
The international movement of capital rules should be considered whenever:•any non-UK tax resident subsidiary (referred to in this note as a foreign...
Read More >
9th Nov
Practice notes
This Practice Note:•explains:◦the purpose of the tax indemnity clause that is normally found in a loan agreement, and◦that the standard drafting of...
Read More >
9th Nov

Most recent Stamp duty content

Practice notes
FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: The government is asking for views on the principles and design...
Read More >
13th Nov
Q&As
For information on the typical steps involved in a capital reduction demerger, including the tax implications of the various steps and what, if any...
Read More >
12th Nov
Q&As
As explained in Practice Note: Stamp duty on transfers—consideration and calculation, an instrument transferring stock or marketable securities, such...
Read More >
29th Oct
Practice notes
Coronavirus (COVID-19) impact on stamp duty process: During the coronavirus outbreak, the Stamp Office is temporarily only accepting electronic...
Read More >
15th Oct
Q&As
A company registrar should only update the register of members/shareholders to reflect a transfer of shares if the instrument of transfer, ie the...
Read More >
13th Oct
Q&As
A private limited company will only buy back its own shares off-market pursuant to a share buyback contract, which will include provisions specifying...
Read More >
5th Oct
Practice notes
Coronavirus (COVID-19) impact on stamp duty process: During the coronavirus outbreak, the Stamp Office is temporarily only accepting electronic...
Read More >
1st Oct
Q&As
We have assumed that:•the company is incorporated in the UK•the shares are being bought back by the issuer (rather than redeemed)•there has been no...
Read More >
Produced in partnership with Kate Habershon of Morgan Lewis 29th Sep
Q&As
The amount of stamp duty payable on the acquisition of shares in a UK company will depend on the chargeable consideration given for the shares. The...
Read More >
29th Sep
Q&As
Most demergers (liquidation demergers, capital reduction demergers and indirect statutory demergers) include a step under which the shareholders of...
Read More >
29th Sep
Q&As
Where manuscript amendments are made to a contractual document and the parties intend to be legally bound by them, then all parties (or their lawyers)...
Read More >
29th Sep
Q&As
Stamp duty generally applies to transfers of stock and marketable securities for consideration in the form of cash, an assumption of debt or...
Read More >
29th Sep
Q&As
Since UK stamp duty applies to instruments of transfer (such as stock transfer forms) relating to stock or marketable securities (paragraph 1,...
Read More >
29th Sep
Q&As
As detailed in Practice Notes: Stamp duty on transfers—consideration and calculation and Stamp duty and SDRT on the sale of certificated registered UK...
Read More >
29th Sep
Q&As
The stamp tax analysis of an assignment of a life insurance policy will depend on the mechanics of the assignment and whether the policy is a...
Read More >
29th Sep
Q&As
Stamp duty is chargeable on a transfer on sale of stock or marketable securities by reference to the amount or value of the consideration for the...
Read More >
29th Sep

Popular documents