Following announcements at Budget 2012 and Autumn Statement the draft Finance Bill 2014 has been published for consultation.
From 28 April 2014, relief from SD and SDRT on transfers of securities admitted to trading on a recognised growth market.
From 30 March 2014, the abolition of the SDRT charge on surrenders of interests in UK unit trusts and open-ended investment companies in Part 2 of Schedule 19 to the Finance Act 1999.
From Royal Assent of the Finance Act 2014, changes to Finance Act 1973 to ensure that any House of Commons resolution for SD would remain effective until replaced by an equivalent provision in the Finance Act. This is in line with the changes made to the Provisional Collection of Taxes Act 1968 by Finance Act 2011, as regards resolutions for other taxes and duties.
From Royal Assent of the Finance Act 2014, amendments to Schedule 8 of Finance Act 2003 (charities relief) to clarify that partial relief is available where a charity purchases property jointly, as tenants in common (or, in Scotland, owners in common), with a non-charity purchaser.
Follow the links below for more information on the draft legislation published for consulation: