1.   Because the merchant bank or sub-underwriters are buying existing shares there will normally be a charge to stamp duty or stamp duty reserve tax on the sale.

2.   Thus, in general, most matrimonial conveyances should not incur any liability to stamp duty whatever the value of the property conveyed or transferred.

3.   In a non husband and wife situation the mortgage debt assumed will be added to the consideration paid to arrive at the total amount subject to stamp duty.

4.   A mortgage is not subject to stamp duty, the charge having been abolished.

5.   These include discounted general insurance policies, waiver of bank charges and stamp duty for travellers cheques and foreign demand drafts.