Policy paper

Stamp Duty and Stamp Duty Reserve Tax: deep In the money options

This applies to businesses or individuals who enter into option contracts over UK securities.

• From: HM Revenue & Customs
• Published: 9 December 2015

Documents

Stamp Duty and Stamp Duty Reserve Tax: Deep In The Money Options

HTML

Shares transferred to depositary receipt issuers or clearance services as a result of the exercise of an option – Technical Note

PDF, 126 KB, 8 pages

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Draft clause 57

PDF, 42.8 KB, 2 pages

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Draft explanatory notes clause 57

PDF, 72.5 KB, 2 pages

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Draft clause 58

PDF, 40.6 KB, 2 pages

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Draft explanatory notes clause 58

PDF, 71.7 KB, 2 pages

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Details

This legislation makes the tax system fairer by removing the opportunity for avoidance arising on the transfer of shares using a deep in the money option (DITMO).

A technical consultation on Stamp Duty and Stamp Duty Reserve Tax: Deep In The Money Options has also been published.

Published 9 December 2015