HC Deb 06 December 1984 vol 69 c249W
Mr. Rowe

asked the Chancellor of the Exchequer if he will make a statement about the stamp duty payable by off-market dealers in unlisted securities.

Mr. Moore

The Board of Inland Revenue is advised that as the law stands securities dealt in on the unlisted securities market are not listed securities for the purpose of section 100(4)(b) of the Finance Act 1980. Until further review, where such stock is transferred to a qualified dealer full ad valorem duty will not normally be payable. The Board of Inland Revenue will be issuing a statement of practice to this effect.

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