The end of an era
Aleksander, N
The end of an era - 2002 - Estates Gazette (0220) 18 May 2002, 218(2) .
Stamp duty, one of the UK's oldest taxes, is due to be abolished once the Finance Act 2002 is in force and with it will go the last of the major loopholes in the legislation before the introduction of the replacement duty. Looks at what areas of opporturnity are available for stamp duty planning before the tax's abolition. One option is to exploit the difference in rates of duty where land is wrapped into a company without incurring the full duty. This option though has been closed by the Budget. The other planning technique is to avoid the creation of a stampable document; this option will be blocked by the Finance Act.
FINANCE ACT 2002
STAMP DUTY
SALE OF LAND
SPECIAL PURPOSE VEHICLE
STAMP DUTY RELIEF
The end of an era - 2002 - Estates Gazette (0220) 18 May 2002, 218(2) .
Stamp duty, one of the UK's oldest taxes, is due to be abolished once the Finance Act 2002 is in force and with it will go the last of the major loopholes in the legislation before the introduction of the replacement duty. Looks at what areas of opporturnity are available for stamp duty planning before the tax's abolition. One option is to exploit the difference in rates of duty where land is wrapped into a company without incurring the full duty. This option though has been closed by the Budget. The other planning technique is to avoid the creation of a stampable document; this option will be blocked by the Finance Act.
FINANCE ACT 2002
STAMP DUTY
SALE OF LAND
SPECIAL PURPOSE VEHICLE
STAMP DUTY RELIEF