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HMRC internal manual

Stamp Taxes on Shares Manual

From
HM Revenue & Customs
Updated
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Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): SDRT - the liable person: Stamp Duty Reserve Tax - the liable person

The liable person is responsible for the payment of Stamp Duty Reserve Tax (SDRT).

For a tax liability incurred under the provisions of FA86/S87 the liable person is the buyer by virtue of FA86/S91.

For a tax liability incurred under the provisions of FA99/Sch19 the liable persons are the trustees by virtue of FA99/Sch19/Para2(3).

The liable person is not the same as the accountable person (STSM016020) but each responsibility can fall on the same person.