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Multiple charges

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations SI 2010/1818 and The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 2) SI 2010/1819 remove multiple charges to stamp duties from certain transactions made on a multilateral trading facility to ensure that the charges are only paid once by the ultimate purchaser.

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (Over the Counter) Regulations SI 2010/1824 remove multiple charges to stamp duties when as a result of the execution of over-the-counter trades shares in UK companies are transferred between clearing members of ‘LCH’ by non-clearing members to clearing members and to or from ‘LCH’ itself so that charges are only paid once by the ultimate purchaser.

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