There are the following Budget 2014 changes in the field of funds taxation:- SDRT on transactions and collective investment schemes will cease from 13 March 2014; The main ISA limit for both stocks
There are the following Budget 2014 changes in the field of funds taxation:-
- SDRT on transactions and collective investment schemes will cease from 13 March 2014;
- The main ISA limit for both stocks and shares and cash ISAs is being increased to £15,000 from ;
- A loophole permitting VCTs to distribute tax free capital within three years has been closed;
- The 15% SDLT limit on residential property and for ATED and for capital gains tax is being reduced over a period from £2 million to £500,000.