Stamp duty: Difference between revisions
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A {{tag|tax}} levied on non-exempt participants in a certain type of transaction, such as the sale or purchase of property, or the purchase of [[equities]]. Often intermediaries such as [[broker dealer]]s are exempt. | A {{tag|tax}} levied on non-exempt participants in a certain type of transaction, such as the sale or purchase of property, or the purchase of [[equities]]. Often intermediaries such as [[broker dealer]]s are exempt. | ||
{{ | {{sa}} | ||
*[[Stamp duty reserve tax]], HMRC’s own [[stamp duty]] on UK shares, which is most germane to high [[delta]] [[equity derivatives]]. | *[[Stamp duty reserve tax]], HMRC’s own [[stamp duty]] on UK shares, which is most germane to high [[delta]] [[equity derivatives]]. | ||
*[[Financial transaction tax]] — rather like a [[stamp duty]], only different. Popular with the Italians and French. | *[[Financial transaction tax]] — rather like a [[stamp duty]], only different. Popular with the Italians and French. | ||
*[[Equity give-up]]s — where structuring a [[synthetic equity]] transaction so that a [[stampable]] transaction does not arise, is the name of the game. | *[[Equity give-up]]s — where structuring a [[synthetic equity]] transaction so that a [[stampable]] transaction does not arise, is the name of the game. | ||
Latest revision as of 11:36, 18 January 2020
A tax levied on non-exempt participants in a certain type of transaction, such as the sale or purchase of property, or the purchase of equities. Often intermediaries such as broker dealers are exempt.
See also
- Stamp duty reserve tax, HMRC’s own stamp duty on UK shares, which is most germane to high delta equity derivatives.
- Financial transaction tax — rather like a stamp duty, only different. Popular with the Italians and French.
- Equity give-ups — where structuring a synthetic equity transaction so that a stampable transaction does not arise, is the name of the game.