Stamp Duty

Stamp Duty Reserve Tax (SDRT) is automatically collected, where due, on the purchase of shares electronically settled in CREST. Alternatively, Stamp Duty is due on non-electronic settlements where the transaction is over £1000.

 

SDRT & Stamp Duty apply primarily to transactions when you buy:

• Shares in a UK company
• Shares in a foreign company with a share register in the UK

Since 28 April 2014, SDRT & Stamp Duty have not been chargeable on transactions in eligible securities on London Stock Exchange’s AIM and High Growth Segment. Purchases made by Private Investors in an eligible security are therefore SDRT / Stamp Duty exempt.

 

 

In the platform, the configuration of the asset for it to be stampable or not can be found by following this instruction:

1. From 'Main Menu', select 'Market Data'.
2. Search the asset by putting in the Name/ISIN/SEDOL/Ticker on the 'Search' field on the top-right part of the page.
3. Select the asset which you want to update the stamp duty configuration.
4. Under 'Overview' pane on the left part of the page, select 'Update Asset'.
5. Under 'Static Data' section, look for 'Stamp Duty is payable' (Ctrl+F if needed) - tick or untick depending on the rules set for the specific asset. Then hit 'Save Changes' button at the bottom part of the page.

References: Titan Support | Priority 3: Stamp code GBPX on stock not liable to stamp duty

https://www.londonstockexchange.com/equities-trading/stamp-duty-exemption