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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: