Guidance

SD and SDRT: Intermediary and Stock Lending Reliefs – FA 2007 changes

This note describes changes to the legislation, which took effect on 1 November 2007, and explains how the relief operates in practice.

• From: HM Revenue & Customs
• Published: 16 December 2014
• Last updated: 31 December 2020 — See all updates

Documents

Stamp Duty and Stamp Duty Reserve Tax: Intermediary and Stock Lending Reliefs - FA 2007 changes

PDF, 171 KB, 11 pages

Details

The significant legislation changes made at Section 73 and Schedule 21 Finance Act 2007 to the Stamp Duty and Stamp Duty Reserve Tax (‘SDRT’) intermediary and stock lending relief to reflect the implementation in the United Kingdom of the Markets in Financial Instruments Directive 2004/39/EC (‘MiFID’). All statutory references are to the provisions of Finance Act 1986, as amended by Finance Act 2007 and changes related to EU exit.

Published 16 December 2014
Last updated 31 December 2020 + show all updates

1. 31 December 2020

   The Stamp Duty and Stamp Duty Reserve Tax: Intermediary and Stock Lending Reliefs - FA 2007 changes have been update due to Brexit transition.

2. 16 December 2014

   First published.