A GATEWAY TO TAX BENEFITS FROM LONDON FOR BORSA ISTANBUL
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Borsa Istanbul has been recognized as a “Recognized Stock Exchange” by His Majesty’s Revenue and Customs (HMRC). This status aims to enhance the visibility and accessibility of Türkiye’s capital markets, particularly for UK based investors.
With this new status, UK-based investors will be able to benefit from tax advantages on investments made on Borsa Istanbul. In particular, the tax exemption on income generated from investments made on “Recognized Stock Exchanges” under Individual Savings Accounts (ISAs) stands out as a key factor in boosting market interest. Additionally, the classification of rental certificates traded on these exchanges as “Alternative Finance Investment Bonds” simplifies reporting and compliance processes for investors.
This status, granted by HMRC to exchanges meeting specific criteria, encompasses major global financial centers. Being categorized alongside leading exchanges such as the New York Stock Exchange, Nasdaq, and the London Stock Exchange is viewed as a critical step in strengthening Borsa Istanbul’s position within the international financial system.
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