STSM042630 - Exemptions and reliefs: reliefs: UK Listing Relief - 1.5% Charge
Section 89C FA1986 does not relieve the SDRT higher 1.5% rate of charge.
Therefore, where chargeable securities which are within a UK listing relief period are transferred to an unelected clearance service or depositary receipt system, a 1.5% SDRT charge applies in the normal way (see STSM053000).
Where a 1.5% charge arises, the accountable person will need to account for the SDRT due outside of the CREST system directly to HMRC. Details of how to do this can be found in STSM042650.