stamp duty payable?

stamp duty payable?

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my overseas client has loaned a substantial amount of money to its UK subsidiary and now wants to convert the loan to new issue shares.

Will stamp duty be payable? f it will can it be mitigated in any way?
David Melia

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By User deleted
11th Nov 2008 08:22

No
There is no stamp duty on the issue of new shares anyway

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By Colin23
10th Nov 2008 23:37

Wait until the Pre Budget Report?
Rumour control suggests Stamp Duty on shares may be abolished altogether.

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