Relief from SD when documents effect intra-group transfers of stock or marketable securities

How to make a claim to relief from Stamp Duty in respect of instruments effecting certain transactions between companies in the same group.



An instrument which has the effect of passing a beneficial interest in property between bodies corporate in the same group, which would otherwise be chargeable with Stamp Duty as a transfer on sale, will not be chargeable with duty provided that a valid claim for relief is made under the provisions of Section 42 Finance Act 1930, as amended by Section 27 Finance Act 1967 and Section 123 Finance Act 2000.

Published 11 December 2014