An issue of shares may be structured in a number of ways. This note outlines the different structures and then considers the main tax issues by reference to each of the relevant taxes: corporation tax, capital gains tax, income tax, value added tax, stamp duty and stamp duty reserve tax.
This note considers the practical impact of stamp duty on commercial transactions involving shares. Note: HMRC has published a new Stamp Taxes on Shares manual, see Legal update, New Stamp Taxes on Shares Manual published. We will update this note to reflect the new manual shortly.
This practice note explains when a stock transfer form is required, and provides details on how to complete the form. For a stock transfer form that can be edited and saved to your desktop, please see Standard document, Stock transfer form.