Finance Bill seeks regime change
Evans, J.
Finance Bill seeks regime change - 2003 - Estates Gazette (0319) 10 May 2003, 114-115(2) .
The Finance Bill sets out the framework for the new stamp duty land tax (SDLT) which is due to take effect on 1 December. Key points highlighted are that the SDLT will mainly apply to transactions completed on or after 1 December, although contracts exchanged before Royal Assent will be subject to the present stamp duty regime. It is a transactional tax and places greater compliance obligations on purchasers.
FINANCE BILL
LAND TRANSACTIONS
STAMP DUTY LAND TAX
STAMP DUTY REFORM
TRANSITIONAL PROVISIONS
Finance Bill seeks regime change - 2003 - Estates Gazette (0319) 10 May 2003, 114-115(2) .
The Finance Bill sets out the framework for the new stamp duty land tax (SDLT) which is due to take effect on 1 December. Key points highlighted are that the SDLT will mainly apply to transactions completed on or after 1 December, although contracts exchanged before Royal Assent will be subject to the present stamp duty regime. It is a transactional tax and places greater compliance obligations on purchasers.
FINANCE BILL
LAND TRANSACTIONS
STAMP DUTY LAND TAX
STAMP DUTY REFORM
TRANSITIONAL PROVISIONS