Structured ownership can offer stamp duty savings
Chase, G.
Structured ownership can offer stamp duty savings - 1998 - Property Week 63(21) 18 September 1998, 41(1) .
Proposes two options to encourage purchasor/vendor co-operation to reduce the amount paid in stamp duty. One is to create a single-purpose company to sell shares in the property, and the other is to divide ownership between legal and beneficial interests with a view to conveying the legal title by sale of shares to a nominee company.
BUSINESS PREMISES
EXEMPTION
PROPERTY TRANSACTIONS
PROPERTY TRANSFER
STAMP DUTY
Structured ownership can offer stamp duty savings - 1998 - Property Week 63(21) 18 September 1998, 41(1) .
Proposes two options to encourage purchasor/vendor co-operation to reduce the amount paid in stamp duty. One is to create a single-purpose company to sell shares in the property, and the other is to divide ownership between legal and beneficial interests with a view to conveying the legal title by sale of shares to a nominee company.
BUSINESS PREMISES
EXEMPTION
PROPERTY TRANSACTIONS
PROPERTY TRANSFER
STAMP DUTY