Down but not out
Legg, Jonathan
Down but not out - 2007 - Estates Gazette (0745) 10 November 2007, 154-156(3) .
Examines the legislation governing Stamp Duty Land Tax (SDLT) as it applies to Property Investment Partnerships (PIPs). These are popular vehicles for investing in property for tax reasons. However the SDLT code, introduced in 2003, has introduced a complicated set of rules to be applied. The rules involve the transfer of interest in a partnership, as well as land in and out of a partnership. Examines two amendments in the Finance Act 2007 which have caused further problems for PIPs. The principles involved are simple but anti-avoidance measures have complicated the necessary calculations.
FINANCE ACT 2003
FINANCE ACT 2007
England and Wales--1543-
Down but not out - 2007 - Estates Gazette (0745) 10 November 2007, 154-156(3) .
Examines the legislation governing Stamp Duty Land Tax (SDLT) as it applies to Property Investment Partnerships (PIPs). These are popular vehicles for investing in property for tax reasons. However the SDLT code, introduced in 2003, has introduced a complicated set of rules to be applied. The rules involve the transfer of interest in a partnership, as well as land in and out of a partnership. Examines two amendments in the Finance Act 2007 which have caused further problems for PIPs. The principles involved are simple but anti-avoidance measures have complicated the necessary calculations.
FINANCE ACT 2003
FINANCE ACT 2007
England and Wales--1543-