STSM107040 - Collectives: contributions, mergers and other matters: investments acquired by, or transferred to, a collective investment scheme

When chargeable securities are purchased by a Collective Investment Scheme (such as a unit trust or an Open-Ended Investment Company (OEIC)), the transfer is subject to a 0.5% section 87 FA1986 Stamp Duty Reserve Tax (SDRT) charge, calculated by reference to the consideration paid in money or money바카라 사이트™s worth.

Under section 92 FA1986 the SDRT charge may be cancelled, however, if:

  • An instrument which effects the transfer of the securities is executed (in pursuance of the agreement)
  • The instrument is duly stamped following payment of Stamp Duty; or 
  • The instrument is not chargeable with Stamp Duty or otherwise required to be stamped

More information

See STSM031090 for the meaning of 바카라 사이트˜chargeable securities바카라 사이트™.

See STSM101010 for the meaning of a Collective Investment Scheme.

See STSM101020 for the meaning of a unit trust.

See STSM101050 for the meaning of an OEIC.