Home > Tax Advice, Uncategorized > Stamp Duty Scrapped for AIM Listed Companies

Stamp Duty Scrapped for AIM Listed Companies

In his Budget yesterday UK Chancellor George Osborne responded positively to calls from the London Stock Exchange and abolished stamp duty on shares of companies listed on growth markets including the Alternative Investment Market (AIM) and the ISDX Growth Market.

The Stock Exchange, financial institutions, and business organisations have long argued that removing stamp duty would make it easier and cheaper for small cap and start-up companies to raise equity capital but to date their requests have fallen on deaf ears.

The end of the stamp duty levy on smaller-company shares is to be welcomed but I remember a time almost 20 years ago when an earlier Conservative Chancellor announced the abolition of stamp duty on all shares, later

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