Policy paper

Abolition of Stamp Duty Reserve Tax for collective investment schemes

This Tax Information and Impact Note explains the ending of Stamp Duty Reserve Tax charges for collective investment schemes.



The measure will abolish the Stamp Duty Reserve Tax charge, which fund managers are liable to pay when investors surrender their units in UK unit trust schemes or shares in UK open-ended investment companies.

This supports the government’s objective of making the tax system more competitive by making the UK more attractive as a domicile for certain collective investment schemes.

Published 19 March 2014