Contractual duties
Rodrigues, M
Contractual duties - 2002 - Estates Gazette (0231) 3 August 2002, 93(1) .
Argues that although the Finance Act 2000 attacks anti-avoidance, the Revenue should not utilise the act for accelerating stamp duty liability. Points out that property contracts may be liable to stamp duty if the price exceeds £10m and completion does not take place within 90 days, or longer if the Revenue thinks reasonable. The Revenue has established the Stamp Taxes Contracts Unit to deal with applications for extending the 90-day period.
STAMP DUTY
FINANCE ACT 2002
PROPERTY CONTRACTS
Contractual duties - 2002 - Estates Gazette (0231) 3 August 2002, 93(1) .
Argues that although the Finance Act 2000 attacks anti-avoidance, the Revenue should not utilise the act for accelerating stamp duty liability. Points out that property contracts may be liable to stamp duty if the price exceeds £10m and completion does not take place within 90 days, or longer if the Revenue thinks reasonable. The Revenue has established the Stamp Taxes Contracts Unit to deal with applications for extending the 90-day period.
STAMP DUTY
FINANCE ACT 2002
PROPERTY CONTRACTS