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HMRC internal manual

Stamp Taxes on Shares Manual

Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - interests, dividends and other rights

Interests in and dividends or other rights arising out of securities:FA86/S99(3)(b)

‘Chargeable securities’ also includes rights arising directly out of securities. For example, a charge to SDRT will arise on the following agreements:

  • W sells his interest in shares which are held on his behalf by a nominee
  • X sells rights to dividends issued by Y Ltd, in which X is a shareholder
  • Z purchases chargeable securities under an instalment arrangement and sells the letter of acceptance during the renunciation period.