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UK launches three-year stamp duty holiday to boost new stock listings

A bold tax break aims to lure companies to UK markets. Will this stamp duty holiday reshape London’s appeal for global investors?

In this picture I can see photos, words, logo, signature and numbers on the brochure.
In this picture I can see photos, words, logo, signature and numbers on the brochure.

UK launches three-year stamp duty holiday to boost new stock listings

A new three-year stamp duty holiday has been launched to attract more companies to list in the UK. The measure, announced in the Autumn Budget 2025, removes stamp duty reserve tax costs for investors buying newly listed shares. It applies to companies making their debut on UK-regulated markets between November 27, 2025, and 2028. The relief covers agreements to transfer securities, including debt instruments, made within three years of a company’s initial listing. To qualify, securities must be flagged as exempt in the UK’s CREST settlement system. However, the exemption does not apply to standard stamp duty or the 1.5 percent charge for transfers to overseas depositary receipt systems. The exemption runs until 2028 for eligible companies listing from late November 2025. Investors buying qualifying shares during this period will avoid the usual 0.5 percent stamp duty reserve tax. Firms must ensure their securities are properly flagged in CREST to benefit from the relief.

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