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 reliefs for corporate reconstructions and transfers of undertakings: conditions, clawback and claim process

Published by a LexisNexis Tax expert

Practice notes

Generally, and save where exemptions or reliefs apply, acquiring a chargeable interest in land (a land transaction), which covers the grant of a leasehold interest, is liable to stamp duty land tax (SDLT) (for more, see Practice Note: Land transactions, chargeable interests and chargeable transactions). Corporate bodies may obtain full relief under the reconstruction relief rules, and may access a reduced SDLT rate under the acquisition relief rules, as explained further in this Practice Note. SDLT stopped applying to any land transaction involving interests in or over land in Scotland on 1 April 2015. From that date, land and buildings transaction tax (LBTT) applies to those dealings, subject to transitional provisions. Accordingly, any mention in this Practice Note of 'UK land' or similar wording for SDLT purposes should be interpreted as excluding interests in or over land in Scotland from 1 April 2015. See the LBTT subtopic for more detail. SDLT also ceased to apply to any land transaction involving interests in or over land in Wales on 1 April 2018. From that date, land transaction tax (LTT) applies, again subject to transitional provisions...

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Web page updated on 21/05/2026

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