Policy paper

Stamp Duty and Stamp Duty Reserve Tax: deep in the money option

This legislation will apply to options which are entered into on or after 25 November 2015 and exercised on or after 23 March 2016.

From:
HM Revenue & Customs
Published
16 March 2016

Documents

Tax information and impact note on Stamp Duty and Stamp Duty Reserve Tax: deep In the money options

https://www.gov.uk/government/publications/stamp-duty-and-stamp-duty-reserve-tax-deep-in-the-money-options/stamp-duty-and-stamp-duty-reserve-tax-deep-in-the-money-options

Draft legislation for Stamp Duty

PDF, 45.6 KB, 2 pages

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Explanatory note for Stamp Duty

PDF, 116 KB, 2 pages

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Draft legislation for Stamp Duty Reserve Tax

PDF, 43.5 KB, 2 pages

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Explanatory note for Stamp Duty Reserve Tax

PDF, 114 KB, 2 pages

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Details

This legislation will change the Stamp Duty and Stamp Duty Reserve Tax rules so that shares transferred to a clearance service or depositary receipt issuer as a result of the exercise of an option will be charged the 1.5% higher rate of stamp tax based on either their market value or the option strike price, whichever is higher.

Published 16 March 2016

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