Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Stamp Taxes on Shares Manual

Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - transfers to clearance services and depositary receipt Issuers

The 1.5% rate of duty is imposed on instruments transferring relevant securities in a UK company to a clearance service by virtue of FA86/S70. Section 70(2) imposes the charge on the consideration if the instrument is a conveyance on sale within the meaning of FA99/SCH13/PART1. In any other case Section 70(3) imposes the charge on the instrument by reference to the value of the securities.

Further information is at STSM052020.

The 1.5% rate of duty is imposed on instruments transferring relevant securities in a UK company to a depositary receipt issuer by virtue of FA86/S67. Section 67(2) imposes the charge on the consideration if the instrument is a conveyance on sale within the meaning of FA99/SCH13/PART1. In any other case Section 67(3) imposes the charge on the instrument by reference to the value of the securities.

Further information is at STSM051030.

In both of the above cases the rounding provisions of FA99/S112(1) apply. See STSM013040.