¶500-155 SDRT: principal charge: bearer instruments relating to loan capital
FA 1986, s. 90(3A) provides that the principal charge to SDRT is not to apply to an agreement to transfer securities constituted by or transferable by means of a UK bearer instrument, except where:
•the instrument has been issued by a body corporate incorporated in the United Kingdom (other than an SE that has transferred its registered office outside the United Kingdom under EC Reg. 2157/01, art. 8;
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