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HMRC internal manual

Stamp Taxes on Shares Manual

Updates: Stamp Taxes on Shares Manual

2017

published amendments

Depositary receipt and clearance services: exemptions/reliefs: contents
edited short title

published amendments

Exemptions and reliefs: reliefs: contents
New sections added to contents page.
Exemptions and reliefs: reliefs: company reconstructions and acquisitions - general
Additional information on relief.
Exemptions and reliefs: reliefs: company reconstructions and acquisitions - 'bona fide commercial reasons' and 'tax avoidance'
Updated wording to add relevant detail and reference
Exemptions and reliefs: reliefs: company reconstructions and acquisitions - Section 77 - conditions for relief
Updated text in respect of relief
Exemptions and reliefs: reliefs: company reconstructions and acquisitions - 'or as nearly as may be the same'
Updated text with reference to further information on changes of control.
Exemptions and Reliefs: reliefs: suggested S77 claim letter
Updated letter following introduction of s77A
Exemptions and Reliefs: reliefs: checklist for S75 and S77 claims
Checklist updated following introduction of s77A

published amendments

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets
Change of name of exchange

published amendments

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - how to qualify as a recognised growth market - application process
Amended spelling of name
Linked mended to web page
Correct a link
Included additional information and changed the name of the HMRC contact
Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets
Added 6 new names and addresses

published amendments

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets
Information unchanged, but now shown in a list format rather than a table.

published amendments

Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - transfers to clearance services and depositary receipt Issuers
Added a paragraph to this section
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - rounding up
Added a couple commas
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - the standard rate
Replaced existing entry with revised wording
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: Stamp Duty Reserve Tax - interaction with CREST
Revised the information contained the paragraphs
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: Stamp Duty Reserve Tax - the accountable date
Deleted incorrect information and added new information
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: Stamp Duty - the Adjudication process
Altered some of the wording with paragraph 2
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: interaction between Stamp Duty and Stamp Duty Reserve Tax
Revised some of the wording in each of the paragraphs.
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty and SDRT basics: documents formerly chargeable
Amended a spelling mistake
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty and SDRT basics: What is Stamp Duty Reserve Tax?
Re worded 2nd sentence in 2 para

published amendments

Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - the standard rate
Spelling mistake
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: Stamp Duty - the Adjudication process
Spelling mistake

2018

published amendments

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets
Spelling mistake - now changed
Highlighted effective date of newest addition
Additional Recognised Growth Market added

published amendments

Exemptions and Reliefs: reliefs: checklist for S75 and S77 claims
The checklist included on the page, rather than as a hyperlink

published amendments

Exemptions and Reliefs: reliefs: suggested S77 claim letter
Draft letter to be shown on page rather than as a hyperlink attachment
Scope of stamp duty on shares: stamp duty: adjudication, stamps and reliefs: acquisition of target company’s share capital
Updated hyperlinks
Exemptions and Reliefs: reliefs: checklist for S75 and S77 claims
Edited a link to the correct address

published amendments

Exemptions and Reliefs: reliefs: checklist for S75 and S77 claims
Mended broken hyperlink

published amendments

Scope of stamp duty on shares: stamp duty: basics of a charge: company purchasing its own shares
Re-wording section to include references to SH03 and Companies Act 2006

published amendments

Financial markets: background: Markets in Financial Instruments Directive II (MiFID II)
Re-write of contents
CREST: CREST Functionality: agent indicators
Added additional information

published amendments

Financial markets: types of financial brokers and dealers: principal broker dealers
Details of Implications of MiFID II added

published amendments

Introduction to Collective Investment Schemes: Contents
Added details of new page at STSM101065

published amendments

Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): how to pay: wait and see - provisional stamping
Updated instructions added
Introduction to Collective Investment Schemes: Contents
Added Contents for new page

published amendments

Introduction to Collective Investment Schemes: Contents
Contents line added
New entry added to contents page
Collectives: contents
Update contents page
Update contents page
STSM103000 title changed

published amendments

Collectives: the Schedule 19 charge: contents
Titles amended to reflect the correct information
Introduction to Collective Investment Schemes: Exchange Traded Fund: Stamp Duty and SDRT
Minor grammatical amendments

published amendments

Scope of Stamp Duty on shares: Stamp Duty: basics of a charge: chargeable consideration: stock or marketable securities
Amended the wording throughout the page

published amendments

Collectives: the Schedule 19 charge: scope of Stamp Duty Reserve Tax (SDRT)
Final sentence added and some formatting changes made
Collectives: The Schedule 19 charge: Relevant two-week period
Final sentence added and some formatting changes made
Collectives: The Schedule 19 charge: Accountable date
Final sentence added and some formatting changes made
Collectives: the Schedule 19 charge: Liable and Accountable Person
Points a and b amended, final sentence added and some formatting changes made
Collectives: The Schedule 19 charge: Market value of units and OEIC shares
Added final sentence and some formatting changes
Collectives: the Schedule 19 charge: rate of Stamp Duty Reserve Tax
Added last sentence and some formatting changes
Collectives: the Schedule 19 charge: Stamp Duty Reserve Tax charge
Added final sentence and some formatting changes
Collectives: the Schedule 19 charge: contents
Title of page changed back to original format
Collectives: the Schedule 19 charge: overview of FA99/SCH19
Reverted title to original format because of issues with linking to existing pages

published amendments

Collectives: contents
STSM103000 adding manual to content
STSM103000
Collectives: the Schedule 19 charge: contents
Collectives: the Schedule 19 charge: overview of FA99/SCH19
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: the Schedule 19 charge: Stamp Duty Reserve Tax charge
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: the Schedule 19 charge: rate of Stamp Duty Reserve Tax
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: The Schedule 19 charge: Market value of units and OEIC shares
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: the Schedule 19 charge: Liable and Accountable Person
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: The Schedule 19 charge: Accountable date
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: The Schedule 19 charge: Relevant two-week period
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: the Schedule 19 charge: scope of Stamp Duty Reserve Tax (SDRT)
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)
Collectives: the Schedule 19 charge: contents
Stamp Taxes on Shares Manual (81383)
Stamp Taxes on Shares Manual (81383)

published amendments

Collectives: the Schedule 19 charge: overview of FA99/SCH19
Updated hyperlink
Collectives: the Schedule 19 charge: contents
New entry made for new page at 103005

published amendments

Collectives: Exemptions: In specie redemptions on or after 30 March 2014
Page created
Collectives: the Schedule 19 charge: contents
Details of new page added to index
Details of new page added to index

published amendments

Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - interests, dividends and other rights
Review date set
Scope of Stamp Duty Reserve Tax (SDRT): consideration: money or money's worth
Review date set
Collectives: Third party matters: contents
New entry for STSM106035
Collectives: Exemptions: contents
Replaced new entry
New entry for 105105

published amendments

Collectives: Third party matters: contents
STSM106035 added to menu
Collectives: Exemptions: contents
STSM105105 added to menu
Collectives: the Schedule 19 charge: contents
STSM103005 added to menu

published amendments

Collectives: Exemptions: Individual Pension Account
Formatting changes
Collectives: Exemptions: In specie redemptions on or after 30 March 2014
Hyperlink added
Collectives: Exemptions: In specie redemptions
Hyperlinks added
Collectives: Exemptions: Feeder fund to a Property AIF
Hyperlink added
Collectives: exemptions: exempt investments - interests in other collective investment schemes - mistakes
Hyperlink added
Collectives: exemptions: exempt investments - interests in other collective investment schemes - chains of funds
Hyperlink added
Collectives: exemptions: exempt investments - interests in other collective investment schemes - practicalities
Hyperlink added
Collectives: exemptions: exempt investments - interests in other collective investment schemes
Hyperlink added
Collectives: exemptions: exempt investments - interests other than in collective investment schemes - derivatives
Formatting changes made
Collectives: exemptions: exempt investments - interests other than in collective investment schemes - Depositary Interests and non-UK incorporated companies
Changes made to the paragraphs in both the Investments in Depositary Interests and Investment in non-UK incorporated companies with a UK register. Final sentence of page added.
Collectives: exemptions: exempt investments - interests other than in collective investment schemes
Formatting changes made and final sentence added
Collectives: exemptions: exempt collective investment schemes
Formatting changes made
Collectives: calculation of the charge: 2nd example data for monthly SDRT computation involving negative surrender/issue figures - Annex C
Final sentence added
Collectives: calculation of the charge: 1st example data for monthly SDRT computation involving negative surrender/issue figures - Annex B
Sentence added
Collectives: calculation of the charge: example data for monthly SDRT FA99/SCH19 computation - Annex A
Sentence added
Collectives: calculation of the charge: information required in a monthly Stamp Duty Reserve Tax notice
Formatting changes made and final sentence added
Collectives: calculation of the charge: meaning of 'Average Value' for the N(N+E) calculation
Formatting changes made and final sentence added
Collectives: calculation of the charge: reduction of Stamp Duty Reserve Tax where exempt investments are held by a fund
Formatting changes made and final sentence added
Collectives: calculation of the charge: cancelled/altered deals
Small formatting changes and final sentence added
Collectives: calculation of the charge: classes of shares in Open-Ended Investment Company
Some small formatting changes and the final sentence added
Collectives: calculation of the charge: income and accumulation units
Some formatting changes. Final sentence added
Collectives: calculation of the charge: reduction of Stamp Duty Reserve Tax (SDRT) where surrenders exceed issues
Some formatting changes and final sentence added
Collectives: calculation of the charge: Stamp Duty Reserve Tax (SDRT) charge on surrender value
Formatting changes made. Added final sentance
Collectives: the Schedule 19 charge: scope of Stamp Duty Reserve Tax (SDRT)
Hyperlink added
Collectives: The Schedule 19 charge: Relevant two-week period
Hyperlink added
Collectives: The Schedule 19 charge: Accountable date
Hyperlink added
Collectives: the Schedule 19 charge: Liable and Accountable Person
Hyperlink added
Collectives: The Schedule 19 charge: Market value of units and OEIC shares
Hyperlink added
Collectives: the Schedule 19 charge: rate of Stamp Duty Reserve Tax
Hyperlink added
Collectives: the Schedule 19 charge: Stamp Duty Reserve Tax charge
Hyperlink added
Collectives: contents
New contents page added - Authorised Contractual Schemes
Introduction to Collective Investment Schemes: Contents
Contents page incorrectly added, now deleted
Added new contents page for Autthorised Contractual Schemes
Collectives: Transfer of units in a unit trust or units issued as consideration
Added additional wording to the last sentence and some formatting changes
Introduction to Collective Investment Schemes: Schemes not treated as unit trust schemes
Formatting changes made
Introduction to Collective Investment Schemes: Open and Closed-Ended Investment Companies
Formatting changes made
Introduction to Collective Investment Schemes: Umbrella Collective Investment Schemes
Formatting changes made
Introduction to Collective Investment Schemes: Classes of units and Open-ended Investment Company (OEIC) shares
Small formatting changes
Introduction to Collective Investment Schemes: Exchange Traded Fund - Overview
Added a paragraph relating to ETF and formatting changes
Introduction to Collective Investment Schemes: What is an Open-Ended Investment Company?
Formatting changes made
Introduction to Collective Investment Schemes: Unauthorised Unit Trust
Hyperlink added and small formatting changes made
Introduction to Collective Investment Schemes: Authorised Investments Funds - General
Added new paragraph relating to CAIFs, plus small formatting changes
Introduction to Collective Investment Schemes: What is a Unit Trust?
Small formatting changes made
Introduction to Collective Investment Schemes: What is a Collective Investment Scheme?
Small changes using abbreviations rather than full names
Scope of Stamp Duty Reserve Tax (SDRT): interaction with stamp duty and exemptions
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): reliefs and exemptions
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): relationship with stamp duty
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): instalment arrangements
Partial page re-write
Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - units under a unit trust scheme
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - options to acquire and rights to allotment or subscription
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - stocks, shares and loan capital
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - general
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): unit trusts
Page re-write
Scope of Stamp Duty Reserve Tax (SDRT): calculation of the tax
re-write of page
Scope of Stamp Duty Reserve Tax (SDRT): conditional and unconditional agreements
Added sentence to end of first paragraph
Scope of Stamp Duty Reserve Tax (SDRT): agreement to transfer
Re-write of this page
Scope of Stamp Duty Reserve Tax (SDRT): the principal charge
Complete re-write of this page
Scope of Stamp Duty Reserve Tax (SDRT): territorial scope
Complete re-write of the page
Scope of Stamp Duty Reserve Tax (SDRT): rates of tax
Re-write and format changes made to this page

published amendments

Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets
New entry made
Collectives: contributions, mergers and other matters: fund supermarkets - switching
Hyperlink added
Collectives: contributions, mergers and other matters: fund supermarkets - Stamp Duty Reserve Tax implications
Hyperlink added
Collectives: contributions, mergers and other matters: fund supermarkets
Formatting changes
Collectives: contributions, mergers and other matters: termination of a collective investment scheme
Hyperlink added
Collectives: contributions, mergers and other matters: mergers, partitions and reconstructions of authorised unit trusts and Open-Ended Investment Companies - Stamp Duty
Formatting changes
Collectives: contributions, mergers and other matters: mergers, partitions and reconstructions of authorised unit trusts and Open-Ended Investment Companies - Stamp Duty Reserve Tax
Hyperlink added
Formatting changes
Collectives: Contributions, mergers and other matters: merger of Authorised Unit Trusts
Formatting changes
Collectives: contributions, mergers and other matters: amalgamation of an authorised unit trust with an Open-Ended Investment Company
Hyperlink added
Collectives: contributions, mergers and other matters: conversion of an authorised unit trust to an Open-Ended Investment Company
Hyperlink added
Collectives: contributions, mergers and other matters: investments acquired by, or transferred to, a collective investment scheme
Formatting changes
Collectives: contributions, mergers and other matters: pro rata in specie contribution to an existing unit trust / Open-Ended Investment Company
Hyperlink added
Collectives: contributions, mergers and other matters: contribution to an existing unit trust / Open-Ended Investment Company
Hyperlink added
Collectives: contributions, mergers and other matters: overview - contribution to a unit trust / Open-Ended Investment Company
Hyperlinks added
Collectives: third party matters: exemptions - third party transfers
Hyperlinks added
Collectives: Third party matters: Third Party units/OEIC shares transferred without notification to a fund manager
Formatting change
Collectives: Third party matters: Third Party units/OEIC shares surrendered to a fund manager
Formatting changes
Introduction to Collective Investment Schemes: Contents
Added new entry
Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - options to acquire and rights to allotment or subscription
Formatting change

published amendments

Introduction to collective Investments Schemes: Authorised Contractual Scheme: Contents
Added three titles to the contents page
Introduction to Collective Investment Schemes: Contents
Added new contents page

published amendments

Collectives: Transfer of units in a unit trust or units issued as consideration
Page archived in error
Page archived

published amendments

Collectives: contents
Added new content line

published amendments

Introduction to Collective Investment Schemes: Contents
Added new section into this contents page
Introduction to collective Investments Schemes: Authorised Contractual Scheme: Contents
Links added to the pages within this section

published amendments

Collectives: Third party matters: Exemptions - Third party transfers on or after 30 March 2014
Formatting changes made
Authorised Contractual Schemes: Stamp Duty and Stamp Duty Reserve Tax (SDRT)
Hyperlink added
Authorised Contractual Schemes: Types of an ACS
Hyperlinks added
Collectives: Authorised Contractual Schemes
Hyperlink added
Collectives: contents
Re-arranged the links

published amendments

Scope of Stamp Duty Reserve Tax (SDRT): chargeable securities - general
Added hyperlink details
Introduction to Collective Investment Schemes: Contents
Changed order of contents
Introduction to Collective Investment Schemes: Open and Closed-Ended Investment Companies
Capitals added to short title
Introduction to Collective Investment Schemes: What is an Open-Ended Investment Company?
Abbreviation added to short title

published amendments

Exemptions and reliefs: exemptions: contents
Added new page to contents list
Exemptions and reliefs: exemptions: exemption for Share Incentive Plans
Amended the short title

published amendments

Exemptions and Reliefs: Reliefs: exemption for Share Incentive Plans
Page archived - in wrong place of the manual - now at STSM141400

published amendments

Companies and shareholders: introduction: contents
New page STSM071200
Scope of Stamp Duty on shares: Stamp Duty: basics of a charge: chargeable consideration: stock or marketable securities
Capitlisation in title
Para 3 changed.
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty and SDRT basics: Stamp Duty - previous rates of duty
The word 'contents' removed from the title
Contents page removed. New page created
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty and SDRT basics: Stamp Duty - Previous rates of duty: Rates from 1 October 1999 to 12 March 2008
Page archived - revised information now sits under STSM011090
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty and SDRT basics: Stamp Duty - previous rates of duty: rates from 27 October 1986 to 30 September 1999
Page archived - revised information now sits under STSM011090
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): Stamp duty rates: Stamp Duty - transfers to clearance services and depositary receipt Issuers
Small formatting changes
Introduction to Stamp Duty on shares and Stamp Duty Reserve Tax (SDRT): more about Stamp Duty and SDRT: interaction between Stamp Duty and Stamp Duty Reserve Tax
Minor formatting changes

published amendments

Transfers of listed securities and connected persons
Typo

published amendments

Scope of Stamp Duty Reserve Tax (SDRT): contents
STSM031250 ref added
STSM031240 ref added
STSM031230 ref added
STSM031220 ref added
added STSM031210 reference
added new page reference
Companies and shareholders: introduction: contents
added new page to contents
Companies and shareholders: introduction: Transfers of listed securities and connected persons
amended title

published amendments

Scope of stamp duty on shares: Stamp Duty - basics of a charge: contents
new pagesSTSM021305 to 21340
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: How Stamp Duty Reserve Tax (SDRT) is to be calculated
shorterned short title

published amendments

Scope of Stamp Duty on shares: Stamp Duty - basics of a charge: Transfers of listed securities and connected persons: Connected company and connected persons
hyperlinks added.
Scope of Stamp Duty on shares: Stamp Duty - basics of a charge: Transfers of listed securities and connected persons: Listed securities
hyperlinks added. repeated section removed.
Scope of Stamp Duty on shares: Stamp Duty - basics of a charge: Transfers of listed securities and connected persons: Market Value calculation
added hyperlinks
Scope of Stamp Duty on shares: Stamp Duty - basics of a charge: Transfers of listed securities and connected persons: How Stamp Duty is to be calculated
added hyperlinks
Scope of Stamp Duty on shares: Stamp Duty - basics of a charge: Transfers of listed securities and connected persons: contents
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: CREST reporting
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: Connected company and connected persons
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: Listed securities
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: Market Value calculation
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: How Stamp Duty Reserve Tax (SDRT) is to be calculated
added hyperlinks
Scope of Stamp Duty Reserve Tax (SDRT): Transfers of listed securities and connected persons: Contents
added hyperlinks
Companies and shareholders: introduction: Transfers of listed securities and connected persons
Added hyperlinks