188体育

When you buy shares, you usually pay a tax or duty of 0.5% on the transaction.

If you buy:

• shares electronically, you鈥檒l pay Stamp Duty Reserve Tax (SDRT)
• shares using a stock transfer form, you鈥檒l pay Stamp Duty if the transaction is over 拢1,000

You pay tax on the price you pay for the shares, even if their actual market value is much higher.

Transactions you pay tax on

You pay tax when you buy:

• existing shares in a company incorporated in the UK
• an option to buy shares
• an interest in shares, for example an interest in the money from selling them
• shares in a foreign company that has a share register in the UK
• rights arising from shares, for example rights you have when new shares are issued

When you do not pay tax

You do not have to pay tax if you:

• are given shares for nothing
• subscribe to a new issue of shares in a company
• buy shares in an 鈥榦pen ended investment company鈥� (OEIC) from the fund manager
• buy units in a unit trust from the fund manager

When you sell the shares

You may need to pay Capital Gains Tax when you sell your shares.

Help and advice

Contact Stamp Duty share enquiries for general information about Stamp Duty on shares.

Contact Stamp Duty Reserve Tax enquiries if you have questions about Stamp Duty on electronic paperless share transactions.

You can also get professional help (for example, from a tax adviser) with your tax.

You鈥檒l pay Stamp Duty Reserve Tax (SDRT) if you buy shares electronically through the 鈥楥REST鈥� system (a computerised register of shares and shareowners).

The tax is taken automatically when you buy the shares, so you do not need to do anything else about your tax.

If you do not pay cash for your shares but give something else of value to buy them, you pay SDRT based on the value of what you gave.

If you鈥檙e given shares for nothing, you do not have to pay any tax.

Buying shares 鈥榦ff-market鈥�

You must also pay SDRT on 鈥榦ff-market鈥� transactions. This is when shares are transferred outside CREST.

How to pay

Tax is not deducted automatically when you buy shares off-market.

You鈥檒l need to send HM Revenue and Customs (HMRC) a written notice with details of the transaction.

You must pay Stamp Duty on your shares if:

• you buy shares through a stock transfer form
• the transaction is over 拢1,000

You pay 0.5% duty, which will be rounded up to the nearest 拢5.

For shares under 拢1,000, you will not need to pay anything.

Get a stock transfer form

You can get a stock transfer form from:

• a broker
• a lawyer or an accountant who deals in shares

You can also download a stock transfer form from the internet.

Find out what you need to include in a stock transfer form.

Send the transfer form to HMRC and pay Stamp Duty

You must send a copy of your stock transfer form to the Stamp Office within 30 days of it being signed and dated.

Email an electronic version or a scan of your paper form to [email protected].

If you cannot email your stock transfer form, send a photocopy by post. You must keep the original signed document for your records.

There is a different address to send a stock transfer form by courier.

You must also pay the Stamp Duty within 30 days of the stock transfer form being signed and dated.

You pay Stamp Duty Reserve Tax (SDRT) or Stamp Duty at 1.5% if you transfer shares into some 鈥榙epositary receipt schemes鈥� or 鈥榗learance services鈥�.

This is when the shares are transferred to a service operated by a third party (for example, a bank). The shares can then be traded free of Stamp Duty or SDRT.