STSM031080 | Scope of Stamp Duty Reserve Tax (SDRT): unit trusts

Where a unit under a unit trust scheme is surrendered to the scheme manager under the terms of FA99/SCH19/PARA2(1) and the surrender occurred before 30 March 2014, the trustees of the unit trust are liable to a SDRT charge at 0.5% of the market value of the surrendered unit (Regulation 4B Stamp Duty Reserve Tax Regulations 1986 (SI 1986/1711)).

The charge may be proportionately reduced by reference to units issued by and exempt investments held by the trustee(s).

Further information can be found in the unit trust chapter of this guidance at STSM100000 .