08: Stamp duties
Stamp duty
Transfers of shares or securities in UK companies that currently attract stamp duty not exceeding £5 (whether fixed or ad valorem) will be exempt from stamp duty from Budget Day 2008 and need not be presented for stamping.
Stamp duty land tax
Transactions involving residential and non-residential property where the chargeable consideration is less than £40,000, will not have to be notified to HMRC from Budget Day 2008.
Leases will have to be notified where the lease term is seven years or more, the chargeable consideration exceeds £40,000 and the annual rent is more than £1,000.
