STSM022170 | Scope of stamp duty on shares: stamp duty: adjudication, stamps and reliefs: Maintenance Funds for Historic Buildings

No Stamp Duty is chargeable owing to section 98 FA1980 on a transfer from one settlement to another, provided that no Inheritance Tax liability is incurred.

The scope of this section is somewhat limited, particularly with regard to stock and marketable securities, and claims under this provision are rare.

Adjudication under section 12 SA1891 is required in order to claim the exemption - see STSM022020 for more information.