HC Deb 08 March 1984 vol 55 cc667-8W
28. Mr. Lofthouse

asked the Chancellor of the Exchequer what evidence he has of companies arranging to complete large United Kingdom share deals outside the United Kingdom, in order to avoid paying the stamp duty.

Mr. Moore

The completion overseas of a deal to transfer registered shares in a United Kingdom company would be ineffective in avoiding stamp duty as the purchaser would be unable to register his title to the shares unless the transfer document was properly stamped.