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Autif welcomes stamp duty exemption

The Association of Unit Trusts and Investment Funds is supporting the Government&#39s decision to extend the period of stamp duty exemption on Oeics.


The exemption period will be extended until a year after the Government or regulator publishes the second tranche of its Oeics regulations and many fund managers have delayed conversion until this date.


Autif director general Philip Warland says: &#34Fund management companies now know that they will be able to change their complete range of authorised unit trusts into Oeics without fear of a stamp duty charge.&#34

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