Case Law

In the case of IRC v Maples 1908 AC 22, the consideration passing for French land was shares in a UK registered company. As the document involved something to be done in the UK, the document was liable to UK stamp duty.

Specialty debts are located where the document is located. Re Deane (Deceased) 1936 IR 556

The location of the Register of Shareholders determines the location of the shares. Re Ferguson (Deceased) 1935 IR 21

Under a deed of covenant executed in Canada an engineer working in the UK, in consideration for the issue of shares and debentures agreed to pay an annuity to a Canadian company. It was held that the deed related to a matter or thing done in the UK and therefore liable to UK stamp duty. Faber v IRC 1936 1 All ER 617