Guidance
SD and SDRT: Intermediary and Stock Lending Reliefs – FA 2007 changes
This note describes changes to the legislation, which took effect on 1 November 2007, and explains how the relief operates in practice.
Documents
Details
The significant legislation changes made at Section 73 and Schedule 21 Finance Act 2007 to the Stamp Duty and Stamp Duty Reserve Tax (‘SDRT’) intermediary and stock lending relief to reflect the implementation in the United Kingdom of the Markets in Financial Instruments Directive 2004/39/EC (‘MiFID’). All statutory references are to the provisions of Finance Act 1986, as amended by Finance Act 2007 and changes related to EU exit.
Updates to this page
Published 16 December 2014
Last updated 31 December 2020 + show all updates
Last updated 31 December 2020 + show all updates
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The Stamp Duty and Stamp Duty Reserve Tax: Intermediary and Stock Lending Reliefs - FA 2007 changes have been update due to Brexit transition.
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First published.