Stamp Duties (Transfers of Securities).

Oral Answers to Questions — Income Tax. – in the House of Commons on 18th March 1925.

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Photo of Sir Clement Kinloch-Cooke Sir Clement Kinloch-Cooke , Cardiff East


asked the Chancellor of the Exchequer whether he is aware of the handicap caused to Stock Exchange brokers generally and to the freedom of markets in registered securities caused by the conditions of the £1 stamp on transfers of stocks and shares; and whether he can see his way to make some change in this respect?


The Chancellor of the Exchequer is aware of the arguments which are used against the continuation of the £1 per cent. duty on transfers of stocks and shares, but he is unable to anticipate his Budget statement.