CRYPTO44100 - Cryptoassets for businesses: Stamp Duty, Stamp Duty Reserve Tax and Stamp Duty Land Tax: transfer of exchange tokens
For transfers of exchange tokens to fall within the scope of Stamp Duty or SDRT, they would need to meet the definition of 바카라 사이트˜stock or marketable securities바카라 사이트™ or 바카라 사이트˜chargeable securities바카라 사이트™ respectively.
This will be considered on a case-by-case basis, dependent on the characteristics and nature of the cryptoassets, rather than any labels attached to them.
However, as of the original date of publication of this paper, HMRC바카라 사이트™s view is that existing exchange tokens would not be likely to meet the definition of 바카라 사이트˜stock or marketable securities바카라 사이트™ or 바카라 사이트˜chargeable securities바카라 사이트™.