As first announced in Budget Speech 2013, the Finance Bill 2014 abolishes, with effect from 28 April 2014, stamp duty and stamp duty reserve tax (SDRT) on transactions in shares and securities admitted to trading on a “Recognised Growth Market” provided they are not also listed on that or any other market.
To date, five markets have been granted Recognised Growth Market status, including, in particular, the Alternative Investment Market. The full list is set out as follows:
- Alternative Investment Market (AIM)
- High Growth Sector (HGS)
- Enterprise Securities Market (ESM)
- ICAP Securities and Derivatives Exchange Limited (ISDX)
- GXG Markets A/S
Please see full alert below for more information.
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