Is stamp duty payable on transfer of beneficial interest in shares?
Is stamp duty payable on transfer of beneficial interest in shares? Stamp Duty (SD) is charged on instruments (documents) that transfer on sale the beneficial interest in stock or marketable securities. What does beneficial ownership mean in stocks? A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name. What is included in beneficial ownership? A beneficial owner is an individual who ultimately owns or...