Training ground for tax evaders.
Training ground for tax evaders.
- 1999
- Times Weekend 12 June 1999, 14(1) .
Discusses the effect of the rise in stamp duty on sales above £250,000 in the property market. In place of the old rate of 1% on properties over £60, 000, stamp duty is now 2.5% for properties worth £250,001 to £500,000. Nick Gibb, Shadow Treasury minister believes the duty has created an incentive for law-abiding people to fabricate deals to avoid the tax.
PROPERTY MARKET
STAMP DUTIES
TAX EVASION
Discusses the effect of the rise in stamp duty on sales above £250,000 in the property market. In place of the old rate of 1% on properties over £60, 000, stamp duty is now 2.5% for properties worth £250,001 to £500,000. Nick Gibb, Shadow Treasury minister believes the duty has created an incentive for law-abiding people to fabricate deals to avoid the tax.
PROPERTY MARKET
STAMP DUTIES
TAX EVASION