UK rule change eases way for removing stamp duty from ILS
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UK rule change eases way for removing stamp duty from ILS

The UK government has proposed changing legislation to make it easier to remove stamp duty or stamp duty reserve tax (SDRT) on transfers of securitisations and insurance-linked securities (ILS).

In a policy paper, tax office HM Treasury set out a proposed new power in the form of a freestanding provision that will let it use secondary legislation to change the law.

There

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