STSM041250 - Exemptions and reliefs: exemptions: treasury shares

See STSM021260 and STSM075000 for more information on how company purchases of own shares, including for transfer to treasury, are dealt with.

For stamp taxes purposes, where a company has purchased its own shares to be held as treasury shares, no charge to SDRT or Stamp Duty (at either the principal 0.5% or higher 1.5% rate (see STSM053120)) arises on any subsequent transfer of the shares out of treasury.

Similarly, no charge arises where shares held in treasury are cancelled.