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Tax exemptions
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Turquoise is currently going through a process to allow recognised intermediaries to be eligible for SDRT relief for UK trades executed on Turquoise. These regulations extend the stamp duty reserve and tax exemptions for sales of stock to intermediaries and for repurchase and stock lending. The SDRT exemption registration steps:
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. Application to the Irish Revenue Commissioners Download the Irish stamp exemption form Please note that this information will only be provided to the authorities once Turquoise Services Ltd has been authorised as eligible to allow exemption. |
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