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Stamp duty reserve tax (SDRT)
Practical Law UK Glossary 9-107-7305 (Approx. 3 pages)
Glossary
Stamp duty reserve tax (SDRT)
A tax introduced by the Finance Act 1986. It is not technically stamp duty but a separate tax imposing a charge of 0.5% on agreements to transfer chargeable securities for consideration.
As a general rule, the payment of stamp duty on a transfer pursuant to the relevant agreement will “frank” the underlying SDRT charge on that agreement to transfer.
For further information, see Practice note, Stamp duty reserve tax.