Structured ownership can offer stamp duty savings
Language: English Series: Property Week ; 63(21) 18 September 1998, 41(1)Publication details: 1998Subject(s): Summary: Proposes two options to encourage purchasor/vendor co-operation to reduce the amount paid in stamp duty. One is to create a single-purpose company to sell shares in the property, and the other is to divide ownership between legal and beneficial interests with a view to conveying the legal title by sale of shares to a nominee company.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS59548 (Browse shelf(Opens below)) | 1 | Available | 89030-1001 |
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Proposes two options to encourage purchasor/vendor co-operation to reduce the amount paid in stamp duty. One is to create a single-purpose company to sell shares in the property, and the other is to divide ownership between legal and beneficial interests with a view to conveying the legal title by sale of shares to a nominee company.