Keep the vehicle wheels well oiled
Marriott, J
Keep the vehicle wheels well oiled - 2002 - Estates Gazette (0235) 31 August 2002, 90-91(2) .
Examines the continued value of property special purpose vehicles (SPVs), popular because of the low stamp duty rate of 0.5% paid by the purchaser on a sale. Restrictions introduced in the Finance Act 2002 and more expected in the Finance Act 2003 mean that SPV sales only have a limited lifespan and are likely to cease in 2003. Advises those involved with SPVs to familiarise themselves with the differences (discussed in the article) from the usual property sale procedures.
FINANCE ACT 2002
FINANCE ACT 2003
STAMP DUTY
SPECIAL PURPOSE VEHICLE
GROUP RELIEF
Keep the vehicle wheels well oiled - 2002 - Estates Gazette (0235) 31 August 2002, 90-91(2) .
Examines the continued value of property special purpose vehicles (SPVs), popular because of the low stamp duty rate of 0.5% paid by the purchaser on a sale. Restrictions introduced in the Finance Act 2002 and more expected in the Finance Act 2003 mean that SPV sales only have a limited lifespan and are likely to cease in 2003. Advises those involved with SPVs to familiarise themselves with the differences (discussed in the article) from the usual property sale procedures.
FINANCE ACT 2002
FINANCE ACT 2003
STAMP DUTY
SPECIAL PURPOSE VEHICLE
GROUP RELIEF