Stamp duty

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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...
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9th Nov
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 12th Jan
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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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...
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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...
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9th Nov
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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Produced in partnership with Martin Wilson 12th Jan
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:...
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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
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...
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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...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
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...
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Produced in partnership with Martin Wilson 12th Jan
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...
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Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 12th Jan
Practice notes
Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018,...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 12th Jan
Practice notes
Stamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that...
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9th Nov
Practice notes
FORTHCOMING CHANGE relating to property rich collective investment vehicles and certain investors: HMRC is consulting until 16 December 2020 on draft...
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9th Nov

Most recent Stamp duty content

Q&As
If no consideration is given in the form of cash, shares (strictly 'stock or marketable securities') or debt, the transfer of the shares would be...
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Produced in partnership with Sean Randall of Blick Rothenberg 31st Mar
Practice notes
In the context of an offering of shares to the public by way of an initial public offering (IPO) or a secondary offering of shares, this Practice Note...
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1st Mar
Precedents
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...
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24th Feb
Q&As
Since UK stamp duty applies to instruments of transfer (such as stock transfer forms) relating to stock or marketable securities (paragraph 1,...
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18th Feb
Q&As
Stamp duty arises in respect of the transfer of stock and marketable securities for consideration where the transfer is effected by a written transfer...
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15th Feb
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...
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15th Feb
Q&As
Practice Note: Stamp duty on transfers—consideration and calculation deals specifically with stamp duty on the transfer of stock, in particular, the...
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15th Feb
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)...
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15th Feb
Q&As
Most demergers (liquidation demergers, capital reduction demergers and indirect statutory demergers) include a step under which the shareholders of...
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15th Feb
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...
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15th Feb
Q&As
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...
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Produced in partnership with Sean Randall of Blick Rothenberg 15th Feb
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...
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15th Feb

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