Stamp Duty Land Tax
There was no new announcement about rates of stamp duty land tax, but measures introduced last year have been brought into effect. The higher threshold for properties in ‘disadvantaged areas’ has been abolished with effect from 6 April 2013.
The Chancellor announced an intention to abolish stamp duty for transactions in shares on ‘junior’ share markets such as the Alternative Investment Market or the ISDX Growth Market. If approved, this will take effect in 2014.