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HMRC internal manual

Stamp Taxes on Shares Manual

HM Revenue & Customs
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Exemptions and Reliefs: Reliefs: exemption for Share Incentive Plans

There are exemptions from stamp duty and Stamp Duty Reserve Tax (SDRT) for approved Share Incentive Plans (SIPs). Where, under a SIP, partnership shares or divided shares are transferred to an employee, FA01/S95 exempts any relevant instrument and the transfer from stamp duty and SDRT respectively.