Chris Harrison and Matthew Herrington provide a refresher guide to the rules
Transaction taxes are a hot topic at the moment. This article considers 
UK stamp duty and SDRT – the UK’s own transaction taxes. We begin by revisiting the basic scope of each tax before examining their application to some well-known corporate transactions and considering certain exemptions and reliefs.
Stamp duty is a documentary tax and is paid (and evidenced) by the imposition of stamps on the face of instruments which
effect transfers of stampable assets.
The principal charge is on transfers on sale of stock and marketable securities interests in certain partnerships and (where the conveyance or transfer is pursuant to a contract for the sale of...
