¶500-110 SDRT: the principal charge: amount or value of consideration
For the principal charge to SDRT to apply, there must be an agreement to transfer chargeable securities for consideration in money or money’s worth (FA 1986, s. 87(1)); see ¶500-100.
By contrast with stamp duty again, consideration need not be in a specified form (i.e. money, stock or marketable securities or debt – see ¶400-600), as long as it is in money or money’s worth. Where the consideration is not in money, it is valued at its market value (FA 1986, s. 87(7)).