PART 8 COMPANIES CAPITAL DUTY

Overview

This Part concerns stamp duty which is imposed on certain transactions (see section 116) of capital companies (see section 114). The duty is generally known as companies capital duty and is referred to as such in this book. Imposition of the duty is provided for in Council Directive 69/355/EEC of 17 July, 1969 (OJ No L249, 3/10/1969), as amended by Council Directives 73/79/EEC and 73/80/EEC of 9 April, 1973 (OJ No L103, 18/4/1973), 74/553/EEC of 7 November, 1974 (OJ No L303, 13/11/1974) and 85/303/EEC of 10 June, 1985 (OJ No L156, 15/6/1985). Companies capital duty has been abolished in respect of transactions taking place on or after 7 December 2005.

General information on companies capital duty is contained in leaflet CCD 1.

114 Interpretation (Part 8)

“capital company”, “Member State”, “registrar”, “stamp duty”, “statement”, “third country” and “transaction” are self-explanatory. The Isle of Man, Channel Islands and Gibraltar do not come within the definition of “Member State”.

Relevant Date: Finance Act 2014