Stamp Duties
Transactions falling under the scope of reorganisations are exempt from stamp duty. Additionally, any contracts that relate to assets located abroad or business transactions, which take place abroad are exempt from stamp duties. The following table shows the fees paid on certain documents.
Type of documents
| Cheques |
3 cents |
| Cheques |
3 cents |
| Receipts for sums from C£2 - C£20 |
2 cents |
| Receipts for sums over C£20 |
4 cents |
| Letter of guarantee |
C£2 |
| Letter of credit |
C£1 |
| Bills of exchange (payable within three days on demand or sight) |
50 cents |
| Bills of lading |
C£2 |
| Charter party |
C£10 |
| Power of attorney |
|
| - general |
C£3 |
| - limited |
C£1 |
| Certified copies of contracts and documents |
C£1 |
| Contracts |
|
| - up to C£100.000 |
0.15% |
| - over C£100.000 |
0.20% |
| - with no fixed sum |
C£20 |
| Customs declaration documents |
C£10 - C£20 |
| Bills of lading |
C£2 |
| Charterparty |
C£10 |
| Registration of a limited liability company |
|
| - authorised share capital |
C£60 plus 0,6% on the authorised share capital |
| - Issued share capital |
There is no stamp duty payable if the shares are issued at nominal value. In the case the shares are issued at a premium a C£10 flat duty applies. |
| Subsequent increases |
|
| - authorised share capital |
0,6% on the additional share capital |
| - Issued share capital |
C£10 flat duty on every issue, whether shares are issued at nominal or at a premium value |
