Stamp duty at 0.5% (rounded up to the nearest £5) is payable on the purchase price, and the form 169 that has to be submitted to Companies House within 28 days of the purchase must be sent to the Stamp Office of HM Revenue and Customs to be stamped before it is sent to Companies House.
There is an exception if the price paid is £1,000 or less and the form 169 is certified as such, in which case no stamp duty is payable, and the form does not have to be submitted to HM Revenue and Customs before being sent to Companies House.
Beyond that, the purchase of shares does not usually have a direct effect on the company's profits or tax position.
