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The Stamp Duties (Agreements for Sale of Equity Interests) (Remission) Rules 2018 (the "Rules") came into effect on 11 April 2018. Generally, the Rules substantially reverses previous amendments to the stamp duty regime effective 11 March 2017, where duty had to be paid when contracts for the sale of shares were signed.

Stamp Duty Changes in 2017

Prior to 11 March 2017, the relevant duty point for a sale of stock or shares was at the time of execution of the share transfer instrument. In the case of scripless shares where no transfer instrument is executed, no duty was payable.

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