Stamp Taxes on Shares Manual

STSM021280 - Scope of stamp duty on shares: stamp duty: basics of a charge: shares held on an overseas branch register

Section 133(3) Companies Act 2006 states:

"An instrument of transfer of a share registered in an overseas branch register - 

a) is regarded as a transfer of property situated outside the United Kingdom, and

b) unless executed in a part of the United Kingdom, is exempt from stamp duty.”

Therefore, there is no Stamp Duty charge on any such instrument.

Section 129 Companies Act 2006 prescribes the countries and territories where a UK company may keep an overseas branch register. There is more information on the overseas branch register exemption at STSM055020, STSM055100, and STSM07600.