Is SDRT the same as Stamp Duty?

They are related but different. Stamp Duty applies to paper share transfers (certificated), while SDRT applies to electronic transfers (CREST). Most modern share trades are electronic and subject to SDRT.

When is stamp duty reserve tax charged?

SDRT is charged at 0.5% on an agreement to transfer chargeable securities such as UK company shares, normally collected automatically on electronic purchases. Cite: FA 1986 s.87.

Is there a higher rate?

A 1.5% charge applies to transfers into a depositary receipt system or an unelected clearance service. Cite: FA 1986 ss.93, 96.

UK Stamp Duty Reserve Tax Calculator

Calculate stamp duty on electronic share purchases

SDRT is charged at 0.5% on electronic purchases of UK shares and securities. It is collected automatically by brokers through CREST. A higher 1.5% rate applies to transfers into depositary receipt schemes or clearance services.

Frequently Asked Questions

Is SDRT the same as Stamp Duty?+
When is stamp duty reserve tax charged?+
Is there a higher rate?+