Revenue has updated its CREST Manual regarding the rules, procedures, practices, guidelines and interpretations for electronic share trading. The updated manual sets out the provision in Chapter 2 of Part 6 SDCA 1999 for stamp duty to be charged on the transfer of an interest in dematerialised securities. The updated guidance also outlines the procedure that is to be followed when claiming relief from stamp duty under any of the provisions of Chapter 1 of Part 7 SDCA 1999.
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