Stamp Taxes on Shares Manual

STSM052020 - Depositary receipt and clearance services: clearance services: higher rate charge on clearance service providers

When 바카라 사이트˜stock or marketable securities바카라 사이트™ or 바카라 사이트˜chargeable securities바카라 사이트™ are transferred for consideration, a stamp duty or Stamp Duty Reserve Tax (SDRT) charge will generally arise at the rate of 0.5 per cent by virtue of paragraphs 1 to 3 of FA99/SCH13 and FA86/S87.

But when, for stamp duty purposes, 바카라 사이트˜relevant securities바카라 사이트™, or, for SDRT purposes, 바카라 사이트˜chargeable securities바카라 사이트™, are transferred to an operator of a clearance service, a stamp duty or SDRT charge at the higher rate of 1.5 per cent may arise.

For the meaning of 바카라 사이트˜relevant securities바카라 사이트™ and 바카라 사이트˜chargeable securities바카라 사이트™, see STSM053020 and STSM053030.