This content is from: Direct Tax
UK consults on stamp duty in Islamic finance
The UK tax authorities have started a consultation on whether the issuance of a commercial sukuk should be exempt from stamp duty land tax (SDLT). A sukuk is an Islamic financial certificate, equivalent to a bond that complies with the requirements of Sharia'a Islamic law.
To access our market-driven intelligence please request a trial here.
Read this article – and more – for a 30 day period.
REQUEST ACCESSAre you already an ITR subscriber? Log in here