Stamp duty and SDRT exemption: recognised growth markets

more+
less-
more+
less-

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.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Stamp Duty Land Tax, Stamp Taxes, UK

Published In: Finance & Banking Updates, Securities Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »