Independent: Unit trusts and pensions hurt as Brown targets tax avoiders
Savers are to be hit by another stealth tax from Gordon Brown, dressed up as an anti-avoidance measure. The Chancellor will remove so-called "seeding relief" on stamp duty in the Budget on Wednesday, hitting unit trusts investing in property and many self-invested personal pensions (Sipps). The relief is given so the trusts do not have to pay stamp duty when they buy commercial property. Typically, the duty is 4 per cent of the price, so on a £250m building it would be £10m.