Stocks and securities | Croner-i Tax and Accounting

Ad valorem duty, calculation

Legislation/Regulatory – SA1891 s. 6, 55

Bearer instruments

– see Bearer instruments

Blank transfers, circulation of

Legislation/Regulatory – FA63 s. 67 ; FA90 s. 109(3)

Brokers transfers

Legislation/Regulatory – STA63 s. 1(2), (4), 2

Clearance services

Notification

Legislation/Regulatory – FA86 s. 71(1)-(3)

Penalties

Legislation/Regulatory – FA86 s. 71(4)-(6)

Rate of duty

Legislation/Regulatory – FA2008 Sch. 32, para. 7, 15 ; FA86 s. 70

Stamp duty reserve tax

Legislation/Regulatory – FA86 s. 96, 97, 97A, 97AA ; FA96 s. 116(2), 118(3), Sch. 16, para. 8

Value of securities

Legislation/Regulatory – FA86 s. 72(2)

Commencement of trade, inclusion in retail scheme B calculations

Case Law – (1981) 1 BVC 1,166

Companies allotment of shares

– see Allotment of shares

Company purchasing own shares

Generally

Legislation/Regulatory – FA2008 Sch. 32, para. 5 ; FA2014 Sch. 24, para. 6 ; FA86 s. 66

Composition by Stock Exchange in respect of transfer duty

Legislation/Regulatory – FA70 s. 33

Corporate bonds

– see Qualifying corporate bonds (QCBs)

Depositary receipts

Fixed duty

Legislation/Regulatory – FA2008 Sch. 32, para. 6 ; FA86 s. 67(9)

Notification

Legislation/Regulatory – FA86 s. 68(1)-(3)

Penalties

Legislation/Regulatory – FA86 s. 68(4)-(6)

Rate of duty

Legislation/Regulatory – FA86 s. 67

Stamp duty reserve tax

Legislation/Regulatory – FA86 s. 93, 94, 95 ; FA99 s. 116(3), 117(7)

Value of securities

Legislation/Regulatory – FA86 s. 69(4)

Foreign, non-payment of duty

Legislation/Regulatory – SA1891 s. 83

International Bank for Reconstruction and Development

Legislation/Regulatory – FA51 s. 42

Jobbers, borrowing stock

Legislation/Regulatory – FA86 s. 85(2)

Lending

– see Stock lending

Letters of allotment

– see Letters of allotment

Listed and recognised growth market

Legislation/Regulatory – FA86 s. 99A

Location of source of income, corporation tax pre-1 April 2009

Commentary – Tax Reporter ¶702-975

Case Law – THE AMERICAN THREAD COMPANY v. JOYCE (Surveyor of Taxes).

Marketable security, meaning

Legislation/Regulatory – SA1891 s. 122

New issues after redemption of old stock

Case Law – Sutton District Water Company v. Inland Revenue Commissioners. [1982] BTC 8,014

Newly subscribed

Legislation/Regulatory – FA86 s. 89A(2)

Non-marketable securities

Legislation/Regulatory – SA1891 s. 55(2)

Paired shares

Legislation/Regulatory – FA90 s. 112(2), 113

Public issues

Legislation/Regulatory – FA86 s. 89A

Registered

Legislation/Regulatory – FA86 s. 89A(3)

Registration, Banks of England and Ireland

Legislation/Regulatory – FA42 s. 47

Renounceable letters of allotment

Legislation/Regulatory – FA85 s. 81

Repurchases

Legislation/Regulatory – FA2007 Sch. 21, para. 5 ; FA86 s. 80C ; FA97 s. 98(2)-(4), 103(3)-(8) ; SI 2005/1990

Securities, meaning

Legislation/Regulatory – SI 1986/1711 Sch. Pt. II ; STA63 s. 4(1)

Share, meaning

Legislation/Regulatory – FA86 s. 99(6)

Stamp duty reserve tax

– see Stamp duty reserve tax

Stock certificate to bearer, unstamped

Legislation/Regulatory – FA1899 s. 5 ; SA1891 s. 109

Stock lending

European single currency (euros)

Legislation/Regulatory – SI 1998/3177 reg. 24-30

Generally

Legislation/Regulatory – FA2007 Sch. 21, para. 5 ; FA86 s. 80C, 89AA ; FA97 s. 98(2)-(4), 103(5)-(8) ; SI 2005/1990

Insolvency

Legislation/Regulatory – FA2009 s. 83, Sch. 37 ; FA86 s. 80D, 89AB

Stock transfer forms

Alteration of form

Legislation/Regulatory – STA63 s. 3

Brokers

Legislation/Regulatory – STA63 s. 1(2), (4), 2

Under hand

Legislation/Regulatory – STA63 s. 1(1), (4), 2

Validity of usual form of transfer

Legislation/Regulatory – STA63 s. 1(3), 2

Trading

– see Trading stock

Transfers

Abolition of stamp duty

Legislation/Regulatory – FA90 s. 108, 111

Banks of England and Ireland

Legislation/Regulatory – FA42 s. 47

Bearer instruments

– see Bearer instruments

Clearance services

Legislation/Regulatory – FA2008 Sch. 32, para. 7, 15 ; FA86 s. 70

Depositary receipts

Legislation/Regulatory – FA2008 Sch. 32, para. 6, 14 ; FA86 s. 67

From persons to themselves operating as an executors' assent

Legislation/Regulatory – ESC G5

Guaranteed by Treasury, exemption

Legislation/Regulatory – FA47 s. 57

Stock Exchange nominee

Legislation/Regulatory – FA76 s. 127

Vested under statutory power

Legislation/Regulatory – FA1895 s. 12 ; FA2003 s. 125(2) ; FA49 s. 36(4) ; FA91 s. 114

Unit trusts

– see Unit trust schemes