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STSM041010 | Exemptions and Reliefs: Exemptions: 'Exemption' or 'relief'

From HM Revenue & Customs · Stamp Taxes on Shares Manual

Broadly, an ‘exemption’ is where:

  1. a particular type of security,

  2. a class of person, or

  3. a transaction type

is outside the scope of the charging provisions of stamp duty or Stamp Duty Reserve Tax (SDRT).

By contrast, a ‘relief’ is where a transaction is within the scope of the charges but other provisions exist whereby the stamp duty or SDRT liability is removed or ‘relieved’.