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Legislation
Finance Act 1986

Crossheading Other charges: clearance services

  • Section 96 Clearance services : 1.5% charge
  • Section 97 Clearance services: exceptions
  • Section 97ZA Clearance services: exception for replacement securities.
  • Section 97A Clearance services: election for alternative system of charge.
  • Section 97AB Exempt capital-raising transfers
  • Section 97AC Exempt listing transfers
  • Section 97AD Exception for transfers of shares held by issuing company
  • Section 97B Transfer between depositary receipt system and clearance system.
  • Section 97C Transfers to non-EU depositary receipt and clearance services systems
  1. Other charges: clearance services
  2. Exception for transfers of shares held by issuing company

Section 97AD | Exception for transfers of shares held by issuing company

From legislation.gov.uk

There is to be no charge to tax under section 93 or 96 in respect of a transfer of shares in a company which are held by the company (whether in accordance with section 724 of the Companies Act 2006 (treasury shares) or otherwise).F1

Notes

  1. F1

    Ss. 97AB-97AD and cross-heading inserted (with effect in accordance with Sch. 11 para. 25 of the amending Act) by Finance Act 2024 (c. 3), Sch. 11 para. 15

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