Policy paper

Stamp Duty and Stamp Duty Reserve Tax: deep in the money option

This legislation will apply to options which are entered into on or after 25 November 2015 and exercised on or after 23 March 2016.

Documents

Tax information and impact note on Stamp Duty and Stamp Duty Reserve Tax: deep In the money options

Draft legislation for Stamp Duty

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note for Stamp Duty

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft legislation for Stamp Duty Reserve Tax

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory note for Stamp Duty Reserve Tax

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This legislation will change the Stamp Duty and Stamp Duty Reserve Tax rules so that shares transferred to a clearance service or depositary receipt issuer as a result of the exercise of an option will be charged the 1.5% higher rate of stamp tax based on either their market value or the option strike price, whichever is higher.

Updates to this page

Published 16 March 2016

Sign up for emails or print this page