Stamp duty—meaning of group


Published by a ³ÉÈËÓ°Òô Tax expert
Practice notes

Stamp duty—meaning of group


Published by a ³ÉÈËÓ°Òô Tax expert

Practice notes
imgtext

Relief from stamp duty is available where beneficial ownership of stock or marketable securities is transferred between two bodies corporate that are members of the same stamp duty group provided that anti-avoidance provisions do not apply to bar relief. A successful claim to stamp duty relief in respect of an instrument of transfer relating to stock or marketable securities normally also cancels any charge to stamp duty reserve tax (SDRT) that arose on the agreement for that transfer (see Practice Note: Stamp duty reliefs—intra-group, reconstruction and acquisition reliefs—Procedure for claiming stamp duty relief and interaction with SDRT). For more information on stamp duty group relief, see Practice Note: Stamp duty reliefs—intra-group, reconstruction and acquisition reliefs—Intra-group relief and for a precedent letter applying for such relief, see Precedent: Application letter—stamp duty group relief—FA 1930, s 42.

This Practice Note explains what a stamp duty group is for the purpose of the relief from stamp duty for an intra-group transfer of stock or marketable securities. If the subject of the intra-group transfer is UK land, see Practice Notes:

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Stamp duty definition
What does Stamp duty mean?

A transfer tax payable on documents and instruments, rather than in respect of a transaction. It is most commonly encountered on the transfer of UK certificated shares, where the stock transfer form is the instrument that is stamped.

Read more

Popular documents

For stamp duty relief under section 77 of the Finance Act 1986 (FA 1986) to apply, must the acquiring

For stamp duty relief under section 77 of the Finance Act 1986 (FA 1986) to apply, must the acquiring company in a share for share exchange have a share structure identical to the target company?Full stamp duty relief may be available for the acquiring company in a share-for-share exchange if

SDLT—multiple dwellings relief

SDLT—multiple dwellings reliefFORTHCOMING CHANGE relating to residential and non-residential property and multiple dwellings relief: HMRC consulted until 22 February 2022 on possible changes to (a) the way stamp duty land tax (SDLT) is calculated in respect of purchases of mixed use property, and

Growth market exemption from stamp duty and SDRT

Growth market exemption from stamp duty and SDRTFORTHCOMING CHANGE: Autumn Finance Bill 2023 (AFB 2023, which is also known as FB 2024) includes a measure (which was first announced at Autumn Statement 2023) to widen the growth market exemption from stamp duty and SDRT, with effect from 1 January

Application letter—stamp duty group relief—FA 1930, s 42

Application letter—stamp duty group relief—FA 1930, s 42HMRC—Stamp Office[insert HMRC Stamp Office email address or address]Application for stamp duty group relief under section 42 of the Finance Act 1930 (as amended)in the matter of a transfer of shares in [insert name of target company] (Target)