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Contributions on or after 30 March 2014

Where an investor contributes and transfers property other than cash which takes the form of ‘stock or marketable securities� (Stamp Duty) or ‘chargable securities� (Stamp Duty Reserve Tax (SDRT)) to a new or existing unit trust (or sub-fund of the trust), or to a new or existingOpen-Ended Investment Company (OEIC) (or sub-fund of the OEIC), for consideration in the form of new units/OEIC shares, this can have various implications.

See STSM107020 and STSM107030 for more information.

Contributions prior to 30 March 2014

Where a contribution of property other than cash to a unit trust or OEIC occurs prior to the abolition of FA99/SCH19 on 30 March 2014, the fund manager of the scheme must not include the number of units/OEIC shares issued as consideration in his monthly SDRT computation for FA99/SCH19 purposes.

More information regarding the monthly Schedule 19 computation can be found at STSM104000 and abolition of FA99/SCH19 at STSM103005

See STSM101020 for the meaning of a unit trust.

See STSM101050 for the meaning of an open-ended investment company.

See STSM104080 for information of a SDRT monthly notice.

See STSM103070 for the meaning of a ‘relevant two-week period�.

See STSM021040 for the meaning of ‘stock or marketable securities�.

See STSM031090 for the meaning of ‘chargeable securities�.