STSM041400 - Exemptions and reliefs: exemptions: exemption for Share Incentive Plans

There are exemptions from Stamp Duty and Stamp Duty Reserve Tax (SDRT) for approved Share Incentive Plans (SIPs).

Where, under a SIP, partnership shares or divided shares are transferred to an employee, section 95 FA2001 exempts any relevant instrument and the agreement to transfer from Stamp Duty and SDRT respectively