UK Treasury Considers Stamp Duty Exemption for London IPOs
The UK Treasury is contemplating an exemption from stamp duty for companies newly listed on the London Stock Exchange. This move, expected in the autumn budget, could last up to three years and applies to the current 0.5% tax rate. The Chancellor of the Exchequer will make the final decision.
Currently, the UK is one of only two major developed markets, alongside Ireland, to impose such a tax on share transactions. The exemption aims to boost London's competitiveness as a global IPO hub, aligning with the government's strategy to attract high-profile listings. This month, three companies have announced plans to list in London, with another expected to follow.
Already, the Alternative Investment Market (AIM) enjoys exemption from stamp duty. However, city figures have called for the complete abolition of stamp duty on shares to further stimulate market activity.
The stamp duty exemption, if implemented, would last for two to three years. It could significantly reduce the cost of listing for companies, potentially attracting more businesses to the London Stock Exchange. The Chancellor's final decision is awaited in the autumn budget.
Read also:
- Orioles' 2025 Turnaround Powered by Late-Season Pitching Acquisitions
- The Cost of Speech is Zero, True Strength Lies in Unity
- Beginning a Food Truck Venture: Crucial Stages to Achieve Profitability
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
