SolvedSTSM133050 | CREST: CREST Functionality: Transaction Stamp Status (TSS) values
From HM Revenue & Customs · Stamp Taxes on Shares Manual
The Transaction Stamp Status (TSS) is a code or ‘flag’ defining the SDRT accountability for a participant in a transaction. The flags are also used to claim certain exemptions and reliefs from SDRT and so prevent CREST from charging SDRT on those transactions. Each flag consists of a single capital letter or a number. Examples of TSS flags, together with their descriptions, are listed below:
| O | No SDRT liability, transfer to/from nominee with no change of beneficial owner or transfer between nominees of the same beneficial owner |
| P | 0.5% ad valorem SDRT (this is the default code) |
| R | 1.5% ad valorem SDRT |
| S | No SDRT liability, transfer to exempt charity |
| T | No SDRT liability, SDRT paid inside CREST on another CREST transaction |
| U | No SDRT liability, SDRT paid outside CREST on an instrument (including form SH03 used for a share buyback); or SDRT paid (or to be paid) outside CREST on corporate action |
| V | No SDRT liability, NCBO-NCLO (no change in legal or beneficial owner) including pure de- or re-materialisation |
| W | No SDRT liability, issues of shares to a Clearance Service or Depositary Receipt Issuer |
| 3 | No SDRT liability, intra-group transfer, a letter of direction having been adjudicated as exempt by HMRC |
| 4 | No SDRT liability, stock loan or repo, stock loan return or repo return or transfer of DBV (Delivery by Value) collateral relating to loans to market makers |
| 5 | No SDRT liability, letter of direction having been executed (including pension scheme mergers, purchase of life insurance policies and transfers by way of security for loans) |
| 6 | No SDRT liability, authorised unit trust merger or authorised unit trust/OEIC conversion/amalgamation |
| 7 | No SDRT liability, UK security held on an overseas branch register |
| 9 | No SDRT liability, PISCES trade |