¶500-240 SDRT: principal charge: miscellaneous exceptions
The following are not chargeable to SDRT:
•agreements by trustees of an approved employee share incentive plan to transfer partnership shares or dividend shares to an employee under the scheme are not chargeable to SDRT (FA 2001, s. 95(3)(b));
•transfers of, or agreements to transfer, units in an ‘exchange-traded fund’ (i.e. an open-ended investment company, units in which are traded on a regulated market or multilateral trading facility and authorised as a UCITS under Directive 2009/65/EC (the UCITS IV Directive)) (FA 2012, s. 217 and SI 2014/911, reg. 3);
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