STSM042200 - Exemptions and reliefs: reliefs: stamp duty group relief - general
An instrument which has the effect of passing a beneficial interest in property between bodies corporate in the same group, which would otherwise be chargeable with Stamp Duty as a transfer on sale, will not be chargeable with duty provided that a valid claim for relief is made under the provisions of section 42 Finance Act 1930, as amended by section 27 Finance Act 1967 and section 123 Finance Act 2000.
Group relief under section 42 is not available to Open-Ended Investment Companies (per regulation 11 of SI 1997/1156 (the Stamp Duty and Stamp Duty Reserve Tax (Open-Ended Investment Companies) Regulations 1997)).