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Generic Tax Name Stamp duty
Tax name in the national language Stamp duty
Tax name in English Stamp duty
Member State UK-United Kingdom
Tax in force since 1891/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Stamp Act 1891: subsequent finance acts; corresponding legislation in Northern Ireland.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

UK

 
Taxpayers

Parties to a transfer of shares on sale in the UK.

 
Tax object and basis of assessment

Stock transfer forms and other instruments that transfer beneficial ownership of stock or marketable securities on sale.

Duties at 0.5% on the consideration given for the shares where this exceeds £1,000.

 
Deductions, Allowances, Credits, Exemptions

Exemptions:

  • Instruments of transfer or bearer instruments relating to British Government and local authority securities.
  • Transfers of loan capital which does not carry conversion rights.
  • Transfers of shares in respect of certain company reconstructions.
  • Trust instruments relating to unit trust schemes where the units are to be held for charitable purposes only.
  • Transfers of stock or marketable securities  in favour of charities
  • Purchases of shares by recognised intermediaries.
  • Transfers of shares to a Stock Exchange nominee.
  • Intra group relief (subject to certain conditions)
  • Acquisition relief
  • Repurchases and stock lending
  • Shares received as a gift for which no payment is made
  • Shares left in a will
  • Shares in property that a spouse or civil partner transfers on marriage or entry into a civil partnership
  • Shares held in trust that are transferred from one trustee to another
  • Shares that are transferred on divorce, or when a civil partnership is dissolved
  • Transfers that a liquidator makes as settlement to shareholders when a business  is wound up
 
Rate(s) Structure
  • Transfer of stocks or marketable securities: 0.5 % of the sale price.
  • Transfers of stocks or marketable securities to clearance systems or for conversion into depository receipts  1.5 % of the sale price or value.
 
Tax due date

Instruments must be stamped within 30 days of the date of their execution (or, if executed outside the UK, within 30 days of the date they are first received in the UK).

 
Tax collector

By impressed stamps on the relevant documents etc. There are penalties and interest for late stamping, and a document not (or not adequately) stamped is not admissible as evidence in legal proceedings.

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214c

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 308.00 GBP 0.02
2011 513.00 GBP 0.03
2010 535.00 GBP 0.03
2009 265.00 GBP 0.02
2008 284.00 GBP 0.02
2007 573.00 GBP 0.04
2006 514.00 GBP 0.04
2005 481.00 GBP 0.04
2004 339.00 GBP 0.03
2003 292.00 GBP 0.03
2002 283.00 GBP 0.03
2001 255.00 GBP 0.02
2000 530.00 GBP 0.05

Comments