A tale of two taxes
Barr, A.R.
A tale of two taxes - 1994 - Times 134(3478) 3 November 1994, 115-116(2) .
Discusses "Glenrothes Development Corporation v Inland Revenue Commissioners" in which it was held that stamp duty was to be paid on the purchase price of the property and the VAT, which the purchasers had elected to pay in return for grants of interests in land.
CONVEYANCE
PROPERTY TRANSACTIONS
PURCHASE PRICE
STAMP DUTY
VALUE ADDED TAX
A tale of two taxes - 1994 - Times 134(3478) 3 November 1994, 115-116(2) .
Discusses "Glenrothes Development Corporation v Inland Revenue Commissioners" in which it was held that stamp duty was to be paid on the purchase price of the property and the VAT, which the purchasers had elected to pay in return for grants of interests in land.
CONVEYANCE
PROPERTY TRANSACTIONS
PURCHASE PRICE
STAMP DUTY
VALUE ADDED TAX