Trouble brewing out of UK for secondaries?

UK stamp duty changes and the secondaries market.

Changes to the stamp duty in the UK could pose a significant threat to the secondaries market. The government is set to update the law after a consultation period that ended this month, and one potential outcome is that the new regime assesses stamp duties owed on transferred fund interests that hold UK shares.

In this guest column, Elliot Weston, head of UK Tax and partner at Hogan Lovells, gives the details on how changes to UK stamp duty could affect buyers and sellers of LP interests.