Recognised stock exchanges
HMRC have confirmed that two additional international stock exchanges have been designated as ‘recognised stock exchanges’. The definition of a recognised stock exchange includes the London Stock Exchange and Plus-listed market as well as other stock exchanges outside the UK so designated by HMRC.
The two newly recognised stock exchanges are
- NASDAQ OMX Tallinn – with effect from 5 May 2010
- The Bahamas International Securities Exchange – with effect from 19 April 2010
Both exchanges will also be regarded as recognised stock exchanges for inheritance tax purposes.
HMRC also confirm that recognition under the relevant tax act is for tax purposes only and confers no other status on the exchange concerned: it does not constitute any form of recognition or approval for regulatory or other purposes nor does it provide any form of approval or recommendation of any of the investments which are listed or traded on that exchange.