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HMRC internal manual

Stamp Taxes on Shares Manual

Scope of Stamp Duty Reserve Tax (SDRT): territorial scope

While the scope of a charge to Stamp Duty Reserve Tax (SDRT) at the rate of 0.5% or 1.5% is restricted to ‘chargeable securities’ (as defined in FA86/S99(3), (4) & (10)) which are agreed to be transferred, the tax charge applies:

  • Irrespective of whether the agreement, transfer or appropriation of such chargeable securities is made or effected in the UK or elsewhere, and
  • Irrespective of whether any party to the agreement to transfer the chargeable securities is resident or situate in the UK.

STSM031090 gives more information on ‘chargeable securities’.