Rachel Reeves plots stamp duty exemption for newly listed shares

London Stock Exchange May Gain Stamp Duty Exemption for New Listings: Report

The UK Treasury is reportedly considering a temporary exemption from stamp duty for shares of newly listed companies on the London Stock Exchange, as Financial Times reported. The measure is part of efforts to support the city’s public markets, which have seen lower listing activity compared with some smaller international exchanges.The proposed exemption would remove the 0.5 per cent tax on share purchases for companies that have recently float…

Rachel Reeves plots stamp duty exemption for newly listed shares

There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying of shares for companies which have recently joined the London Stock Exchange. The exemption is expected to apply for a peri…