Policy paper

Growth market exemption for Stamp Duty and Stamp Duty Reserve Tax

This tax information and impact note is about increasing access to the growth market exemption from Stamp Duty and Stamp Duty Reserve Tax.

• From: HM Revenue & Customs
• Published: 22 November 2023

Documents

Widening access to the growth market exemption for Stamp Duty and Stamp Duty Reserve Tax

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This measure widens access to the growth market exemption from Stamp Duty and Stamp Duty Reserve Tax. The exemption has been expanded to allow Financial Conduct Authority regulated multilateral trading facilities to access the exemption.

The requirements for the exemption are also being updated, so that the majority of companies on markets accessing the exemption must have market capitalisations of less than £450 million, up from the current cap of £170 million.

Published 22 November 2023