Tethyan to redomicile from UK to Canada

Serbia-focused Tethyan Resources has announced that it will redomicile the company from England and Wales to British Columbia, Canada, to avoid the UK stamp duty tax. The UK stamp duty tax – a tax of 0.5% payable to HM Revenue and Customs Stamp Office – is unfamiliar to many investors that purchase shares of UK-domiciled public companies that are listed on the TSX-V and a result creates an unexpected transaction cost.