On 1 April 2011 the limitation period for the recovery of overpaid stamp duty reserve tax by way of a claim under Reg 14 of the 1986 SDRT Regulations will be reduced from 6 to 4 years. The period runs either from the date tax is paid or becomes accountable, whichever is later. To avoid time running out, claims more than 4 years old which have not yet been brought should be made before the change takes effect. Please contact Michael Anderson or Robert Waterson for further information on making claims.