Closed consultation

Technical consultation: Stamp Duty Reserve Tax and Stamp Duty - Deep In The Money Options (DITMOs)

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Summary

Technical consultation on Stamp Duty Reserve Tax and Stamp Duty amendments.

This consultation ran from
to

Consultation description

This consultation seeks comments on draft legislation to stop avoidance of stamp tax where ‘deep in the money’ options are used to transfer shares to a depositary receipt issuer or clearance service.

This technical consultation will be of interest to businesses or individuals who enter into option contracts over UK securities or are involved with the business of issuing depositary receipts or providing clearance services.

HMRC has published draft legislation, together with a Tax Information and Impact Note, for a period of technical consultation which will close on 3 February 2016.

Documents

Stamp Duty and Stamp Duty Reserve Tax: Deep In The Money Options - Technical consultation document

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Published 9 December 2015