Stamp duty

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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
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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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
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...
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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
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
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
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9th Nov
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
Practice notes
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 12th Jan

Most recent Stamp duty content

Precedents
this declaration of trust is made on [insert date on which this declaration of trust is executed] by: [[insert name of transferor of shares] of...
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18th Jan
Q&As
Stamp duty is an ad valorem duty which applies to transfers of stock and marketable securities for consideration where the transfer is effected by a...
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Produced in partnership with Mary Ashley of Old Square Tax Chambers 8th Jan
Precedents
[Insert HMRC Stamp Office address][Insert date]Dear [insert organisation name]Purchase of shares in [insert name of company][Limited OR PLC] (the...
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29th Nov
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...
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29th Nov
Q&As
The recognised growth market exemption from stamp duty and SDRT applies to securities that are admitted to trading on a recognised growth market but...
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29th Nov
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...
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29th Nov
Q&As
An overview of the stamp duty relief available under section 77 of the Finance Act 1986 is set out in the following Practice Note: Stamp duty...
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29th Nov
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...
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29th 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...
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29th Nov
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...
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29th Nov
Q&As
Under section 42 of the Finance Act 1930, an instrument transferring property (such as shares) between two bodies corporate that are associated at the...
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29th Nov
Q&As
As explained in the section, ‘Ascertaining consideration using the contingency principle’ in Practice Note: Stamp duty on transfers—consideration and...
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29th Nov
Q&As
As explained in Practice Note: Stamp duty on transfers—consideration and calculation, an instrument transferring stock or marketable securities, such...
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29th Nov
Q&As
When HMRC receives a letter requesting a stock transfer form to be adjudicated and stamped, HMRC should impress both a duty stamp (ie one expressing...
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29th Nov
Q&As
In this Q&A references to buyer can be read as a reference to an option holder or an ultimate buyer of a company. Before a buyer can be entered in the...
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29th Nov

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