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Getting to grips with the stamp duty changes (Part 1)

Shared from Tax Insider: Getting to grips with the stamp duty changes (Part 1)
By Peter Rayney, December 2021

In the first of a two-part article, Peter Rayney looks at some of the recent changes to stamp duty affecting owner-managed companies. 

Stamp duty often tends to be overlooked with a simple shrug of the shoulders – ‘It’s only ½% on share purchases, isn’t it?’.  

However, where the transaction values are significant, stamp duty can become a very costly part of many corporate transactions. Advantage should therefore be taken of the many available reliefs, where it is practicable to do so. 

Inserting a new holding company  

Share-for-share exchange transactions are used in a variety of commercially driven cases. For example, the vast majority of capital reduction demergers are preceded by a share-for-share exchange. This is required to insert a new holding company (‘New Holdco’) over an existing

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