Brown tipped for stamp duty change
Stamp duty levied when buying shares could be abolished in next week?s pre-Budget statement, according to the Sunday Times.
Investors are currently charged 0.5% tax whenever they purchase shares, but chancellor Gordon Brown may use his address to scrap the charges.
London Stock Exchange chairman believes this costs the average person with a pension around £156 a year.
Among other changes, Brown has been predicted to:
- Simplify rules on ISAs
- Scrap savings tax
- Increase personal allowances
- Increase council tax on second homes
- Raise the inheritance tax threshold
More on the pre-Budget statement