Acquisition versus disposal
Check the instrument for the party required to pay duty. Under the stated Third Schedule allocation, the buyer or grantee pays duty on acquiring PHE equity, while the seller or grantor pays the duty on disposal. A transaction can therefore require separate buyer and seller ACD analysis.
Confirm liability before stamping
Identify the equity transferred, the buyer’s and seller’s significant-owner status, associates and holding period before deciding which charge applies. A contractual allocation of payment does not establish that a transaction is outside the tax regime. The payer guide should be read with the ACD overview and calculation guides.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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