Exemptions and reliefs: exemptions: charities - Stamp Duty exemption
FA82/S129 provides a general stamp duty exemption where securities are transferred to:
- a charitable company or the trustees of a charitable trust;
- the Trustees of the National Heritage Memorial Fund;
- the Historic Buildings and Monuments Commission (FA83/S46).
To obtain the exemption, the instrument must be lodged for formal adjudication and impression of the non-chargeable adjudication stamp. HMRC will generally check the charitable status of the transferee in all cases where the exemption is claimed.
There is a similar exemption for Stamp Duty Reserve Tax (see STSM041160).