# Finance Act 2000, Paragraph 116A: Exemptions from stamp duty and stamp duty reserve tax

Extent: E+W+S+N.I.

Where, under an approved employee share ownership plan, partnership shares or dividend shares are transferred by the trustees to an employee—
(a) no ad valorem stamp duty is chargeable on any instrument by which the transfer is made, and
(b) no stamp duty reserve tax is chargeable on any agreement by the trustees to make the transfer.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/116A (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-116A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.