Stamp duty land tax - update
Finn, Sean
Stamp duty land tax - update - 2005 - New Law Journal 155(7180) 10 June 2005, 904-905(2) .
Explains the main changes in the Stamp Duty Land Tax (SDLT) regime contained in the Finance Act 2005 and the Finance Bill introduced to the House of Commons on the 26 May 2005. Focuses on: the withdrawal of disadvantaged areas relief; on measures to block the use of avoidance schemes that exploit group relief or acquisition relief to enable land to be transferred out of a group without paying SDLT; and the provisions in the May Bill for a general anti-avoidance rule in relation to SDLT group relief and acquisition relief. Discusses further SDLT acquisition relief; disclosure rules; the increased threshold for residential transactions; and changes in the treatment of nominee lease structures with the nominee being considered as principal in relation to the grant of the lease.
STAMP DUTY LAND TAX
FINANCE ACT 2005
FINANCE BILL
Stamp duty land tax - update - 2005 - New Law Journal 155(7180) 10 June 2005, 904-905(2) .
Explains the main changes in the Stamp Duty Land Tax (SDLT) regime contained in the Finance Act 2005 and the Finance Bill introduced to the House of Commons on the 26 May 2005. Focuses on: the withdrawal of disadvantaged areas relief; on measures to block the use of avoidance schemes that exploit group relief or acquisition relief to enable land to be transferred out of a group without paying SDLT; and the provisions in the May Bill for a general anti-avoidance rule in relation to SDLT group relief and acquisition relief. Discusses further SDLT acquisition relief; disclosure rules; the increased threshold for residential transactions; and changes in the treatment of nominee lease structures with the nominee being considered as principal in relation to the grant of the lease.
STAMP DUTY LAND TAX
FINANCE ACT 2005
FINANCE BILL