[STSM031160] Scope of Stamp Duty Reserve Tax (SDRT): reliefs and exemptions
Examples where the principal 0.5% SDRT charge under FA86/S87 does not apply include:
•securities the transfer of which is exempt from all stamp duties (FA86/S99(5) & (5ZA)), and rights and interests relating to such securities e.g. loan capital exempt under FA86/S79(4) and government stocks (gilts).
•securities which are not chargeable securities. This includes:
• securities outlined in FA86/S99(4) – non-UK incorporated companies with no UK share register,
• (4B) – securities admitted to trading on a recognised growth market,
•(5A) – unit trusts schemes where the trustees of the scheme are resident outside of the UK