The incorporation trap
Munro, Clare
The incorporation trap - 2006 - Taxation 157(4070) 10 August 2006, 523-525(3) .
Looks at Stamp Duty Land Tax (SDLT) charges that can arise unexpectedly on the incorporation of a property-based business. Considers the effects of the introduction of the self-assessment system for SDLT, which has put the burden of getting the level of duty correct onto the purchaser and its advisers. Considers market value issues, fixtures and fittings, transfer of goodwill, capital gains tax, linked transactions and debt considerations.
FINANCE ACT 2003
TAXATION OF CHARGEABLE GAINS ACT 1992
STAMP DUTY LAND TAX
FINANCE ACT 2002
United Kingdom--
The incorporation trap - 2006 - Taxation 157(4070) 10 August 2006, 523-525(3) .
Looks at Stamp Duty Land Tax (SDLT) charges that can arise unexpectedly on the incorporation of a property-based business. Considers the effects of the introduction of the self-assessment system for SDLT, which has put the burden of getting the level of duty correct onto the purchaser and its advisers. Considers market value issues, fixtures and fittings, transfer of goodwill, capital gains tax, linked transactions and debt considerations.
FINANCE ACT 2003
TAXATION OF CHARGEABLE GAINS ACT 1992
STAMP DUTY LAND TAX
FINANCE ACT 2002
United Kingdom--