Policy paper

Securities Transfer Tax — modernisation of the Stamp Taxes on Shares Framework

The measure is about the Securities Transfer Tax that will apply on the transfer of securities and replace Stamp Duty and Stamp Duty Reserve Tax.

• From: HM Revenue & Customs
• Published: 13 July 2026

Documents

Modernisation of the Stamp Taxes on Shares framework — Securities Transfer Tax

HTML

Draft legislation

PDF, 3.05 MB, 106 pages

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Explanatory note

ODT, 22.5 KB

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Details

Stamp Duty and Stamp Duty Reserve Tax are collectively known as Stamp Taxes on Shares.

They will be replaced with a single tax on transfers of securities.

The Securities Transfer Tax, which will be a modern, digital, self-assessed tax, will be introduced in 2027.

Draft legislation has been published on 13 July 2026. Send your feedback about the draft legislation to sts.consultation@hmrc.gov.uk by 7 September 2026.

Published 13 July 2026