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Abolish Stamp Duty on Buying Shares

Submitted on Thursday 1st September 2011

Published on Tuesday 13th September 2011

Current status: Closed

Closed: Thursday 13th September 2012

Signatures: 7

Tagged with

Tax ~ UK

Petition Action

Abolish Stamp Duty on Buying Shares

Additional Information

In an age where saving and investment is more important than ever, the petition calls on the government to abolish the punitive 0.5% tax on buying shares. Few other countries have such a tax and where they do it is invariably at a lower rate. It also wrongly penalise investors, when more speculative Contracts for Difference and Spread Betting do not attract such a tax. Removing stamp duty would see be revenue beneficial to the government by encouraging more saving and investment in the UK.

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