Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Stamp duty definition

What does Stamp duty mean? Stamp duty is a documentary tax on instruments that transfer certain assets, most commonly UK certificated shares. In practice, it is paid on the executed stock transfer form, which must be stamped before the transferee can be registered. The charge is imposed by UK legislation (principally the Stamp Act 1891, as amended) and arises on execution of the instrument; HMRC collects the duty via the stamping process, with penalties and interest for late stamping. Reliefs and exemptions exist (for example for certain intra-group transfers and charities). For electronic or uncertificated share transfers, stamp duty reserve tax (SDRT) generally applies instead; where...

SDLT chargeable consideration: scope, valuation, apportionment and exclusions in England and Northern Ireland, including VAT, non‑monetary consideration, debt, exchanges, linked transactions, contingent amounts, overage and de‑enveloping

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Practice notes

This Practice Note examines what is meant by chargeable consideration, the concept that sets the level of stamp duty land tax (SDLT) payable on a chargeable transaction. For guidance on what constitutes a chargeable transaction, consult Practice Note: Land transactions, chargeable interests and chargeable transactions. For treatment of chargeable consideration in relation to leases, see Practice Note: SDLT-common lease transactions. From 1 April 2015, SDLT no longer applies to any land transaction involving any interests in or over land in Scotland. From that date, land and buildings transaction tax (LBTT) applies to those transactions, subject to transitional provisions. Accordingly, any references in this Practice Note to ‘UK land’ or similar terms, where SDLT is in point, should be interpreted as excluding interests in or over Scottish land from 1 April 2015. For more information, refer to the LBTT subtopic. From 1 April 2018, SDLT also ceased to apply to any land transaction involving any interest in or over land in Wales. From that date, land transaction tax (LTT) applies to those transactions, again subject to transitional provisions...

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Web page updated on 21/05/2026

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