Stamp duty is commonly thought to be a Tax incurred when purchasing a property or land. However there are 3 forms of Stamp Duty liable for payment within the United Kingdom.
Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) is usually payable when you buy or lease land or property. It’s also sometimes payable on transfers of ownership of property or land.
Stamp Duty Reserve Tax Stamp Duty Reserve Tax is a tax on shares and securities when you buy through the stock market or a stock broker.
Stamp Duty You pay Stamp Duty when you buy shares using a stock transfer form, on some transfers of interest in partnerships and on land or property transactions entered into before 1 December 2003.
For more information refer to the HM Revenue & Customs website
