Stamp Duty Flashcards
(2 cards)
1
Q
How is stamp duty charged on a transfer of shares?
A
Stamp duty on a transfer of shares is charged at the rate of 0.5% of the value of the consideration for the shares, rounded up to the nearest multiple of £5
2
Q
Give an example of how stamp duty is charged on a transfer of shares
A
A shareholder holds 500 fully paid ordinary shares in a company. The shareholder has decided to sell the shares to a third party for the market value of £18.10 per share.
£50 stamp duty is payable
£9050 x 0.5% = £45.25, rounded to nearest £5
