Question: what is the difference between stamp duty and sdrt?
Answer: Stamp Duty is charged at 0.5% on any purchase valued at greater than £1,000 and is rounded up to the nearest multiple of £5. SDRT is charged on purchases of most stocks which are able to settle through CREST and is charged at 0.5% regardless of the value of the trade. It is rounded up to the nearest 1p.