Business tax – guidance

SD: company purchase of shares held on an overseas branch register

This publication details when a company is relieved from SD on purchase of own shares and how to claim repayment of that already paid.


A company’s purchase of its own shares held on an overseas branch register is relieved from Stamp Duty by Section 133 Companies Act 2006 (formerly paragraph 8 of Schedule 14 of the Companies Act 1985) unless the return which relates to the shares bought back and which is to be delivered to Companies House (currently, form SH03) is executed in the UK. Claims to repayment of Stamp Duty paid made within two years of the date of the instrument (S10 Stamp Duty Management Act 1891) may be made.