stamp duty reserve tax

stamp duty reserve tax
A tax introduced by the Finance Act 1986. It is not technically stamp duty but a separate tax imposing a charge of 0.5% on agreements to transfer chargeable securities for consideration.
As a general rule, the payment of stamp duty on a transfer pursuant to the relevant agreement will "frank" the underlying SDRT charge on that agreement to transfer.
For further information, see the HM Revenue & Customs website: .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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