Changes in relation to funds taxation

Today's Budget has introduced two changes in relation to funds taxation, the first of which is major.The Government has abolished stamp duty on funds in today's Budget. This has removed a major Today's Budget has introduced two changes in relation to funds taxation, the first of which is major.

The Government has abolished stamp duty on funds in today's Budget. This has removed a major disincentive for using UK funds compared to offshore funds.

The Government has also removed an obstacle for the merger of offshore funds where one of the funds is a non-reporting fund, to make such mergers easier.