Syllabus A5. Stamp Taxes A5a. The scope of stamp taxes

A5ai. What are stamp taxes payable on?

Syllabus A5ai)

Identify the property in respect of which stamp taxes are payable.

Properties on which stamp taxes are payable

Stamp tax is a tax which is payable by companies and individuals when they buy shares (stamp duty) and when they buy land and buildings situated in the UK (stamp duty land tax). 

There are three types of stamp taxes.

  1. Stamp duty payable on the purchase/ transfer of shares and other marketable securities.

  2. Stamp duty land tax payable on the purchase of property and lease premiums.

  3. Stamp duty reserve tax is payable where shares are transferred without written documents.