Proposed UK tax changes replacing legislation from 1891 will introduce a new securities transfer tax to replace UK stamp duty. If enacted, the reform will end offshore execution practices, offering clarity to buyers in the digital economy. Elliot Weston, global head of tax at Hogan Lovells Cadwalader, stated the update is welcome news for secondaries investors navigating modern markets.

The reform aims to align tax policy with current financial practices, reducing complexity for cross-border transactions. Access to full analysis requires account registration on Secondaries Investor.