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HMRC internal manual

Stamp Taxes on Shares Manual

Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: Listed securities

Finance Bill 2018-19 introduces legislation to provide for a new Stamp Duty and Stamp Duty Reserve Tax (SDRT) market value rule where listed securities are transferred to a company or its nominee (whether or not for consideration), and the person transferring the securities is connected with the company, or is the nominee of a person connected with the company.

“Listed securities” are chargeable securities which are regularly traded on a regulated market, a multilateral trading facility or a recognised foreign exchange.

Regulated market, multilateral trading facility and recognised foreign exchange have the same meaning as in section 88B Finance Act 1986.

STSM031210 explains the effective date when market value is to apply

[Finance Bill 2018-19 introduces legislation to provide for a new Stamp Duty and Stamp Duty Reserve Tax (SDRT) market value rule where listed securities are transferred to a company or its nominee (whether or not for consideration), and the person transferring the securities is connected with the company, or is the nominee of a person connected with the company.

“Listed securities” are chargeable securities which are regularly traded on a regulated market, a multilateral trading facility or a recognised foreign exchange.

Regulated market, multilateral trading facility and recognised foreign exchange have the same meaning as in section 88B Finance Act 1986.

STSM031210 explains the effective date when market value is to apply

](https://www.gov.uk/hmrc-internal-manuals/stamp-taxes-shares-manual/stsm031220) explains the market value calculation

STSM031240 explains the meaning of connected company and connected persons

STSM031250 gives information on CREST reporting

STSM021305 gives information on Stamp Duty implications on transfers of listed stocks or marketable securities

STSM031090 explains the meaning of ‘chargeable securities’