UK Act of Parliament 1986 United Kingdom

Finance Act 1986 (Part IV - Stamp Duty Reserve Tax)

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At a glance

Enforced by

HMRC

What's here

3 compliance obligations, 1 practical guide

Penalty landscape

2 of 3 obligations carry a fine up to £1,000. 1 has no criminal penalty — flagged in the list below.

Who this Act binds

Business-side actors with duties under this Act, ranked by how often they appear.

  • Trader 2
  • Any Person 1

Relevant guidance

Practical guides for businesses affected by this Act, ordered by how closely they engage with it.

Direct — cites this Act

1 guides

Other Acts binding the same actors

For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.

Traders also bound by 826 other Acts (top 5 shown)
Any Person also bound by 2338 other Acts (top 5 shown)

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part I — Customs and Excise and Value Added Tax

Browse 15 other sections in this Part — procedural / definitional / commencement

Part II — Income Tax, Corporation Tax and Capital Gains Tax

Browse 11 other sections in this Part — procedural / definitional / commencement

Part III — STAMP DUTY

Browse 29 other sections in this Part — procedural / definitional / commencement
s.072

Transfers between depositary receipt system and clearance system.

s.072

Meaning of “exempt capital-raising instrument”

s.072

Meaning of “exempt listing instrument”

s.077

Disqualifying arrangements

s.080

Sales to intermediaries.

s.080

Intermediaries: supplementary.

s.080

Repurchases and stock lending.

s.080

Repurchases and stock lending: replacement stock on insolvency

s.085

Resolution of financial institutions

Part IV — Stamp Duty Reserve Tax

s.091

Liability to tax

  • Pay Stamp Duty Reserve Tax (SDRT) on share purchase agreements Any Person
Browse 29 other sections in this Part — procedural / definitional / commencement
s.088

Section 87: exceptions for intermediaries.

s.088

Intermediaries: supplementary.

s.089

Section 87: exceptions for public issues.

s.089

Section 87: exception for repurchases and stock lending.

s.089

Section 87: exception for repurchases and stock lending in case of insolvency

s.089

Section 87: exceptions for stock lending and collateral security arrangements.

s.089

Section 87: UK listing relief

s.095

Depositary receipts: exception for replacement securities.

s.097

Clearance services: election for alternative system of charge.

s.097

Clearance services: exception for replacement securities.

s.097

Exempt capital-raising transfers

s.097

Exempt listing transfers

s.097

Exception for transfers of shares held by issuing company

s.097

Transfer between depositary receipt system and clearance system.

s.097

Transfers to non-EU depositary receipt and clearance services systems

s.099

Section 99(4B): “listed” and “recognised growth market”

Part V — INHERITANCE TAX

s.102

Gifts with reservation: interest in land.

Amended 13 times
s.102

Gifts with reservation: share of interest in land.

Amended 13 times
s.102

Sections 102A and 102B: supplemental.

Amended 13 times
s.102

Gifts with reservation: termination of interests in possession

Amended 13 times
Browse 5 other sections in this Part — procedural / definitional / commencement

Part VI — OIL TAXATION

Browse 2 other sections in this Part — procedural / definitional / commencement

Part VII — Miscellaneous and Supplementary

Browse 4 other sections in this Part — procedural / definitional / commencement

Schedules

Browse 126 other Schedules — structural / supplementary
s.sch002

(1) In the Vehicles (Excise) Act 1971 (in this Part...

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In section 4 of the 1971 Act (exemptions from duty)...

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In section 7 of the 1971 Act (miscellaneous exemptions from...

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(1) Section 16 of the 1971 Act (trade licences) shall...

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In section 17(2) of the 1971 Act (surrender of licences)...

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Section 23 of the 1971 Act (regulations with respect to...

s.sch003

Section 93 of the Customs and Excise Management Act 1979...

s.sch003

The following shall be inserted after subsection (2)(e)—

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The following shall be substituted for subsection (2)(g) (business records)—...

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The following shall be inserted at the end of subsection...

s.sch003

The following shall be substituted for subsection (7) (interpretation)—

s.sch003

In consequence of the amendments made by the preceding provisions...

s.sch004

(1) In section 1 (general betting duty) in subsection (1)...

s.sch004

(1) In section 35, for subsection (3) (extent) there shall...

s.sch004

(1) In Schedule 1 (betting duties) in paragraph 7 (production...

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(1) In Schedule 3 in paragraph 2(1) (small-scale bingo) after...

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In section 287(1)(a) of the Companies Act (Northern Ireland) 1960...

s.sch004

In Article 19(a) of the Bankruptcy Amendment (NorthernIreland) Order 1980...

s.sch004

(1) The Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order...

s.sch004

(1) Any regulations made under Schedule 1 (betting duties) to...

s.sch004

(1) In section 6 (pool betting duty) for the words...

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(1) In section 9 (prohibitions for protection of revenue) for...

s.sch004

In section 12(4) (interpretation of provisions relating to betting duties)—...

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In section 17(1) (charge of bingo duty) for the words...

s.sch004

In section 19(2) (bingo played in more than one place)—...

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In section 20(2) (interpretation of provisions relating to bingo duty)...

s.sch005

In section 101 of the Customs and Excise Management Act...

s.sch005

In sections 102(1) and 104(3) of the Customs and Excise...

s.sch005

(1) Section 12 of the Alcoholic Liquor Duties Act 1979...

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In Schedule 3 to the Hydrocarbon Oil Duties Act 1979...

s.sch006

This Schedule has effect to determine the consideration referred to...

s.sch006

(1) . . .Where the prescribed accounting period is a...

s.sch006

The Treasury may by order taking effect from the beginning...

s.sch006

(1) Where, by virtue of subsection (8) of the principal...

s.sch006

(1) In the case of a vehicle having an internal...

s.sch009

In the Taxes Management Act 1970 the following section shall...

s.sch018

(1) In this Schedule “the day of The Stock Exchange...

s.sch018

(1) In section 25 of the Taxes Management Act 1970...

s.sch019

After section there shall be inserted the following section— Potentially...

s.sch019

In section 32A (associated properties) in subsection (2) after the...

s.sch019

(1) In section 33 (amount of the charge in relation...

s.sch019

In section 35 (conditional exemption on death before 7th April...

s.sch019

In section 38 (attribution of value to specific gifts) in...

s.sch019

At the end of section 49 (treatment of interests in...

s.sch019

In section 55 (reversionary interst acquired by beneficiary) at the...

s.sch019

(1) In section 66 (rate of ten-yearly charge) in subsection...

s.sch019

In section 67 (added property etc.) in subsections (3)(b) and...

s.sch019

(1) In section 68 (rate before first-year anniversary) in subsection...

s.sch019

(1) In section 78 (conditionally exempt occasions) in subsection (4)...

s.sch019

(1) In section 7 (rates of tax), in subsection (1)—...

s.sch019

At the end of section 98 (effect of alteration of...

s.sch019

After section 113 there shall be inserted the following sections—...

s.sch019

After section 124 there shall be inserted the following sections—...

s.sch019

(1) In section 131 (relief in respect of additional tax...

s.sch019

In section 142 (alteration of dispositions taking effect on death)...

s.sch019

Sections 148 and 149 (exemptions for mutual transfers) shall not...

s.sch019

In section 199 (liability for tax etc. on dispositions by...

s.sch019

In section 201 (liability for tax in respect of settled...

s.sch019

(1) In section 204 (limitation of liability), subsection (4) shall...

s.sch019

(1) In section 216 (delivery of accounts) in subsection (1)...

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(1) In section 8 (indexation) in subsection (1) for the...

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(1) In section 226 (payment: general rules), in subsection (3)...

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(1) In section 227 (payment by instalments) after subsection (1)...

s.sch019

In section 233 (interest on unpaid tax) in subsection (2)...

s.sch019

(1) In section 236 (application of section 233 in special...

s.sch019

In section 237 (imposition of charge) after subsection (3) there...

s.sch019

In section 239 (certificates of discharge) after subsection (2) there...

s.sch019

For Schedule 1 (rates of tax) there shall be substituted—...

s.sch019

(1) In Schedule 2 (provisions applying on reduction of tax),—...

s.sch019

(1) In Schedule 4 (maintenance funds for historic buildings etc.)...

s.sch019

In Schedule 6 (transition from estate duty) in paragraph 4(3)...

s.sch019

In section 9 (transitional provisions on reduction of tax) for...

s.sch019

(1) Notwithstanding that Part of this Schedule has effect with...

s.sch019

Where tax is chargeable under section 32 or section 32A...

s.sch019

Where tax is chargeable under paragraph 8 of Schedule 4...

s.sch019

(1) This paragraph applies if, in the case of a...

s.sch019

In relation to a death on or after 18th March...

s.sch019

In relation to a disposal of trees or underwood on...

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Notwithstanding anything in section 3A of the 1984 Act, a...

s.sch019

In section 19 (annual exemption), after subsection (3) there shall...

s.sch019

After section 26 there shall be inserted the following section—...

s.sch019

In section 30 (conditionally exempt transfers) after subsection (3) there...

s.sch019

(1) In section 31 (designation and undertakings) after subsection (1)...

s.sch019

In section 32 (chargeable events) in subsection (1) after the...

s.sch020

(1) In this Schedule— “the material date”, in relation to...

s.sch020

(1) Where the disposal by way of gift and, at...

s.sch020

(1) Where either sub-paragraph (3)(c) or sub-paragraph (6) of paragraph...

s.sch020

Where there is a disposal by way of gift and...

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(1) This paragraph applies where— (a) under section 102ZA of...

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(1) Where there is a disposal by way of gift...

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(1) In determining whether any property which is disposed of...

s.sch020

(1) Where arrangements are entered into under which—

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(1) This paragraph applies where there is a disposal by...

s.sch021

(1) For any reference in the 1982 Schedule to ethane...

s.sch021

In paragraph 9 (returns)— (a) after “6(1)(b)” there shall be...

s.sch021

(1) In paragraph 11 (interpretation) sub-paragraph (1) shall be omitted....

s.sch021

(1) In paragraph 1 (provisions as to the election), in...

s.sch021

(1) In paragraph 2 (conditions for acceptance of an election)...

s.sch021

After paragraph 2 there shall be inserted the following paragraph—...

s.sch021

(1) In paragraph 3 (definition of “the relevant contract”in sub-paragraph...

s.sch021

After paragraph 3 there shall be inserted the following paragraph—...

s.sch021

After paragraph 6 there shall be inserted the following paragraph—...

s.sch021

(1) In paragraph 7 (acceptance or rejection of new price...

s.sch021

(1) In paragraph 8 (appeals) in sub-paragraph (1) after paragraph...

s.sch022

(1) This paragraph applies in relation to any accounting period...

s.sch022

(1) Section 34 of the Act of 1981 (instalments payable...

s.sch022

(1) Section 35 of the Act of 1981 (provision for...

s.sch022

(1) In this paragraph— “ new statutory provisions ” means...

s.sch023

The repeal of section 107(3) of the Finance Act 1972...

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The repeal of section 22(2) of the Finance Act 1974...

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The repeals in section 32(6) of the Finance Act 1977...

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The repeals in Schedule 5 to the Finance Act 1983...

s.sch023

The repeals in section 20 of the Finance Act 1984...

s.schedule/23/part/iii/paragraph/wrapper1n2

These repeals— (a) so far as they relate to general...

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