Autumn Budget 24: PISCES to be exempt from stamp duty

PISCES introduced in March

Sorin Dojan
clock • 1 min read

The government will exempt transactions carried within the Private Intermittent Securities and Capital Exchange System (PISCES) from stamp duty and stamp duty reserve tax.

In the Autumn Budget today (30 October), the Labour government said the exemption will be introduced "to a similar timeline to the legislation establishing the PISCES regulatory framework". "The government is committed to delivering the Private Intermittent Securities and Capital Exchange System, a new innovative market for trading private company shares," the Budget document stated. Autumn Budget 24: Carried interest rates hiked to 32% in blow to private equity bosses Back in March, under the former Conservative government, the Treasury unveiled proposals to create a venue where p...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

BlackRock CEO Larry Fink backs Britain amid 'more confidence in the UK economy' - reports
UK

BlackRock CEO Larry Fink backs Britain amid 'more confidence in the UK economy' - reports

UK is 'undervalued'

Linus Uhlig
clock 25 April 2025 • 2 min read
Spring sunshine boosts retail sales by 0.4% but UK 'not out of the woods yet'
UK

Spring sunshine boosts retail sales by 0.4% but UK 'not out of the woods yet'

Andrew Bailey warns of tariff impact

Linus Uhlig
clock 25 April 2025 • 2 min read
Reeves rallies Europe to invest in innovative defence
UK

Reeves rallies Europe to invest in innovative defence

Alongside action on fair trade

Beth Brearley
clock 24 April 2025 • 2 min read
Trustpilot