STSM021280 - Scope of stamp duty on shares: stamp duty: basics of a charge: shares held on an overseas branch register
Section 133(3) Companies Act 2006 states:
"An instrument of transfer of a share registered in an overseas branch register -聽
a) is regarded as a transfer of property situated outside the United Kingdom, and
b) unless executed in a part of the United Kingdom, is exempt from stamp duty.鈥�
Therefore, there is no Stamp Duty charge on any such instrument.
Section 129 Companies Act 2006 prescribes the countries and territories where a UK company may keep an overseas branch register. There is more information on the overseas branch register exemption at STSM055020, STSM055100, and STSM07600.