Stamp Duty Flashcards
1
Q
What is the rounding rule with Stamp Duty on a PAPER transaction of shares?
What is the rounding rule with Stamp Duty Reserve Tax on a PAPERLESS transaction of shares?
A
Round up to nearest £5 on paper transactions of shares
No rounding on paperless transactions
Payment dates for both types in tax tables
2
Q
Is Stamp Duty Land Tax payable on the VAT Inclusive or Exclusive figure?
A
SDLT is always payable on the VAT inclusive figure
3
Q
What are some exempt transactions for Stamp Duty Land Tax?
A
Gifts, transfers during a divorce and on death
4
Q
Who pays stamp duty?
A
Always the purchaser
