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Contents

Official guidance
Stamp Taxes on Shares Manual

STSM041000 · Exemptions and reliefs: exemptions

  • STSM041010 · 'Exemption' or 'relief'
  • STSM041020 · Securities exempt from stamp duty are generally exempt from Stamp Duty Reserve Tax (SDRT)
  • STSM041030 · Stamp Duty Reserve Tax (SDRT) repaid/charge cancelled where an instrument is duly stamped
  • STSM041040 · Government securities and miscellaneous exemptions
  • STSM041050 · Loan capital exemption (Stamp Duty) - general
  • STSM041060 · Loan capital exemption - exceptions
  • STSM041065 · Loan capital exemption – Hybrid Capital Instruments
  • STSM041067 · Loan capital exemption – Securitisation and insurance-linked securities (ILS)
  • STSM041070 · Loan capital exemption - miscellaneous
  • STSM041080 · Securities issued or raised by non-UK companies Stamp Duty Reserve Tax (SDRT)
  • STSM041090 · Granting/issuing of options
  • STSM041100 · Permanent Interest Bearing shares (PIBs)
  • STSM041110 · Sales of Bearer securities - general
  • STSM041120 · Sales of Bearer securities - exemptions
  • STSM041130 · Issue of company stocks and shares
  • STSM041140 · Interests in depositary receipts and equities within unelected clearance services
  • STSM041150 · Charities - Stamp Duty exemption
  • STSM041160 · Charities - Stamp Duty Reserve Tax (SDRT) exemption
  • STSM041170 · Charities - CREST and Stamp Duty Reserve Tax (SDRT)
  • STSM041180 · Depositary interests in foreign securities
  • STSM041190 · Other non-Stamp Duty Acts that apply to stamp duty
  • STSM041200 · Units in a unit trust scheme or shares in an open-ended investment company
  • STSM041210 · Authorised unit trust scheme (and OEIC) mergers
  • STSM041220 · Conversion of an authorised unit trust to an OEIC
  • STSM041230 · Amalgamation of an authorised unit trust with an open-ended investment company
  • STSM041240 · Demutualisation of insurance companies
  • STSM041250 · Treasury shares
  • STSM041260 · Growth market shares - stamp duty exemption
  • STSM041270 · Growth market shares - SDRT exemption
  • STSM041280 · Growth market shares - SDRT exemption - depositary interests/CREST depositary interests
  • STSM041285 · Growth market shares – SDRT and Stamp Duty exemption – Depositary Receipts
  • STSM041290 · Growth market shares - recognised growth markets - how to qualify as a recognised growth market
  • STSM041300 · Growth market shares - recognised growth markets - how to qualify as a recognised growth market - the market capitalisation condition
  • STSM041310 · Growth market shares - recognised growth markets - how to qualify as a recognised growth market - 20% compounded annual growth test condition
  • STSM041320 · Growth market shares - recognised growth markets - how to qualify as a recognised growth market - application process
  • STSM041330 · Growth market shares - recognised growth markets - list of recognised growth markets
  • STSM041400 · Exemptions and reliefs: exemptions: exemption for Share Incentive Plans
  • STSM041500 · Exemptions and reliefs: exemptions- Financial institutions in resolution - overview
  • STSM041510 · Exemptions and reliefs: exemptions: Financial institutions in resolution - resolution stabilisation options
  • STSM041520 · Financial institutions in resolution - supplemental, reverse and onward transfers
  • STSM041530 · Financial institutions in resolution - stamp duty exemption on certain transfer instruments and orders
  • STSM041540 · Financial institutions in resolution - stamp duty reserve tax (SDRT) exemption on certain transfer instruments and orders
  • STSM041550 · Financial institutions in resolution: Stamp Duty - exceptions
  • STSM041560 · Qualifying Asset Holding Companies
  • STSM041570 · PISCES Overview
  • STSM041580 · PISCES – Stamp Duty and SDRT Exemption
  • STSM041590 · PISCES – When a transfer is exempt
  • STSM041600 · PISCES – How to claim the exemption
  • STSM041610 · PISCES – Application of other STS reliefs and exemptions in relation to PISCES shares
  • STSM041620 · PISCES – Examples of PISCES share transfers
  • STSM41400 · Exemptions and reliefs: exemptions: exemption for Share Incentive Plans
  1. Exemptions and reliefs: exemptions: contents
  2. Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets

STSM041330 | Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - list of recognised growth markets

From HM Revenue & Customs · Stamp Taxes on Shares Manual

Recognised Growth Markets (RGM) effective from 28 April 2014:

  • Alternative Investment Market (AIM)

10 Paternoster Square, London, EC4M 7LS

  • Euronext Growth Dublin

(Name change from Enterprise Securities Market (ESM) on 4 February 2019)

Exchange Buildings, Foster Place, Dublin 2

  • High Growth Segment

10 Paternoster Square, London, EC4M 7LS

  • The AQSE Growth Market of Aquis Stock Exchange

(Name change from NEX Exchange Growth Market in 2020. Originally known as the ISDX Growth Market)

77 Cornhill, London, EC3V 3QQ

RGM effective from 08 August 2017:

  • Nasdaq First North Copenhagen

Nikolaj Plads 6, 1007 Copenhagen, Denmark

  • Nasdaq First North Helsinki

Fabianinkatu 14, Helsinki, Finland, FIN-00131

  • Nasdaq First North Reykjavik

Laugavegi 182, 105 Reykjavik, Iceland

  • Nasdaq First North Stockholm

Tullvaktsvägen 15, 105 78 Stockholm, Sweden

  • Nasdaq First North Tallinn

Tartu mnt. 2, 10145 Tallinn, Estonia

  • Nasdaq First North Vilnius

Business Center K29, Konstitucijos Avenue 29, LT- 08105 Vilnius, Lithuania

RGM effective from 10 January 2018:

  • Euronext Growth Oslo

(Name change from Merkur Market on 30 November 2020)

Tollbugata 2, Oslo, Norway

RGM effective from 14 September 2018:

  • Vienna MTF

(Name change from the Third Market (Dritter Markt) of the Vienna Stock Exchange (Wiener Börse AG) on 1 July 2019)

Wallnerstraße 8, 1010 Wien, Austria

RGM effective from 28 February 2019:

  • First North Market of the Nasdaq Riga Stock Exchange

Valnu 1, Riga, Latvia

RGM effective from 21 June 2019:

  • AIM Italia Market of the Italian Stock Exchange (Borsa Italiana)

Piazza degli Affari, 6, 20123 Milano, Italia

RGM effective from 31 July 2026:

  • Euronext Access Dublin

Exchange Buildings, Foster Place, Dublin 2

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