Part 10 Stamp Duty and Stamp Duty Reserve Tax
Finance Act 2022 (2022 c 3) | Legislation

Part 10 Stamp Duty and Stamp Duty Reserve Tax

Stamp duty and SDRT exemption for repurchase of own shares or loan capital

54

(1)     A transfer to a QAHC of its own shares or own loan capital is exempt from all stamp duties if—

(a)     the transfer does not form part of disqualifying arrangements,

(b)     the transfer does not take place at a time when there exist arrangements for a substantial sale of the QAHC, and

(c)     in the case of a transfer of own shares, the QAHC delivers a return in relation to the transfer of the shares to the registrar of companies in accordance with section 707 of the Companies Act 2006

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