§ Mr. Russell BrownTo ask the Chancellor of the Exchequer if he plans to exempt from stamp duty reserve tax collective investment schemes within individual pension accounts. [142493]
§ Miss Melanie JohnsonThe Government plan to bring forward legislation in the next Finance Bill to achieve this exemption. This will exempt from stamp duty reserve tax transactions in certain classes of shares in open-ended investment companies where they are held as part of an Individual Pension Account. The exemption will also apply to unit trusts whose investors subscribe as part of their Individual Pension Accounts.