Stamp Duty Relief

  • Stamp Duty Relief

UK Stamp Duty & Stamp Duty Reserve Tax relief

Recognised intermediaries are eligible for SDRT relief for UK trades executed on Turquoise.

The SDRT exemption registration steps:

  • Trading Member fills in SDRT relief self certification form and submits to Turquoise
  • Turquoise will register the Trading Member with HM Treasury
  • Turquoise will add the Trading Member and link it to the TSO of 'Q' via Crest

Irish Intermediary Relief

Under the relevant legislation, a  Recognised intermediary is not charged stamp duty where such a transfer is not effected in connection with excluded business as defined in the relevant legislation, and applicable to Turquoise participants.

Application to the Irish Revenue Commissioners:

  • Trading Member fills in application form and submits to Turquoise
  • Turquoise will register the Trading Member with the Irish Revenue Commissioners
  • Irish Revenue Commissioners will validate the application confirming back to the Trading Member
  • EUI who maintain a central database