Stamp Duty Reserve Tax | 桔子视频 Glossary

GLOSSARY

Stamp Duty Reserve Tax definition

/stamp/ /藞dju藧ti/ /r瑟藞z蓹藧v/ /taks/
Produced by a

What does Stamp Duty Reserve Tax mean?

Stamp Duty Reserve Tax (SDRT) is a tax which is charged on agreements to transfer 'chargeable securities' for consideration. The tax payable is generally 0.5% of the consideration, but certain transactions may attract a rate of 1.5%. Chargeable securities are broadly UK shares and UK corporate debt which has equity like characteristics (such as debt which can be converted into shares).
 
In practice, the majority of SDRT is paid automatically on stock exchange transactions dealt with electronically via the UK Central Securities Depository (CREST). For non-financial market transactions, the purchaser (in most cases) should notify HMRC of the transaction giving rise to the SDRT liability, and pay the SDRT due by the seventh day of the month following that in which the agreement is made or becomes unconditional.
 
An SDRT charge is cancelled if stamp duty is paid on the instrument transferring the securities. SDRT paid is repaid if the instrument is duly stamped

Discover our 17 Tax Guidance on Stamp Duty Reserve Tax

Tax legislation doesn't stand still, and neither should you. At Tolley we're constantly building tools to give you an edge, save you time and help you to grow your business.

鈥� Case studies

"Having that wealth of knowledge provided by Tolley at our fingertips is invaluable.聽It鈥檚 like having a technical partner available 24/7 and there was never any question of using a rival system. I wouldn鈥檛 trust any other provider."

Tax Advisory Partnership


Access all 17 documents on Stamp Duty Reserve Tax

GET ACCESS NOW