Stamp Duty FA07 Changes
eBrief No. 47/2007 announced that FA07 s109 amendments to the transfer of uncertified securities through the Crest electronic settlement system commenced on 1 October 2007.
In summary, as and from 1 October 2007, a transfer of title to securities to an intermediary will be exempt from stamp duty provided certain conditions are met.
eBrief No. 47/2007 has been reproduced at Section 2.06.
The relevant Regulations S.I. No. 651 of 2007 – Stamp Duty (Designation of Exchanges and Market) Regulations 2007 and S.I. No. 677 of 2007: Stamp Duty (Designation of Exchanges and Market) (No. 2) Regulations 2007, have been reproduced at Section 2.07.