Peter Churchill, Banking & Capital Markets Tax Partner at PwC UK
“Today's announcement of a three-year exemption from UK stamp duty for newly listed shares will come as welcome news to participants in the UK capital markets. While tax is only one factor in a company's decision to list in the UK, this change will hopefully provide a shot in the arm to UK markets at a time of increasing global competition for company listings, removing one area of friction in support of the Government's aim of boosting demand for UK equities.”
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