Abrdn Suggests Compromise on UK Stamp Duty Ahead of Budget
- Abolish levy on non-FTSE 100 shares, asset manager says
- Calls to scrap tax drowned out by public-finance concerns
Abrdn Plc suggested a middle ground on the UK stamp-duty debate, advocating for the levy to be scrapped on non-bluechip shares as calls for full abolition of the levy fade ahead of Chancellor Rachel Reeves’s first budget.
Extending the stamp duty exemption that currently exists for AIM – the London Stock Exchange Group Plc’s market for small and medium-sized companies – to all listed companies outside the FTSE 100 “could be a good starting point,” the asset manager said in an emailed statement.