A statement made in a document certifying that the transaction concerned is not part of a larger transaction series that exceeds a certain monetary value, primarily used to determine stamp duty requirements.
Stamp Duty is a tax collected for stamping legal documents, primarily related to the transfer of shares, securities, and land. It is calculated based on the consideration given, with a specific rate that may be rounded up to the nearest multiple of a designated currency unit.
Stamp Duty Reserve Tax (SDRT) is a tax on electronic paperless transactions of UK shares, debenture stock, and other securities. SDRT is charged at a rate of 0.5% of the transaction's value.
