The government is modernising the stamp tax framework through introduction of a Securities Transfer Tax that will apply when securities change hands and will supersede the current Stamp Duty and Stamp Duty Reserve Tax regimes. This reform simplifies the existing dual-tax structure that has governed share transfers. Traders, brokers, investment firms and corporate entities involved in securities transactions will be affected by this consolidation of stamp tax legislation.
Source: HMRC (GOV.UK) – Read the original