Training ground for tax evaders.
Language: English Series: Times Weekend ; 12 June 1999, 14(1)Publication details: 1999Subject(s): Summary: Discusses the effect of the rise in stamp duty on sales above £250,000 in the property market. In place of the old rate of 1% on properties over £60, 000, stamp duty is now 2.5% for properties worth £250,001 to £500,000. Nick Gibb, Shadow Treasury minister believes the duty has created an incentive for law-abiding people to fabricate deals to avoid the tax.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3523-44 (Browse shelf(Opens below)) | 1 | Available | 93918-1001 |
Discusses the effect of the rise in stamp duty on sales above £250,000 in the property market. In place of the old rate of 1% on properties over £60, 000, stamp duty is now 2.5% for properties worth £250,001 to £500,000. Nick Gibb, Shadow Treasury minister believes the duty has created an incentive for law-abiding people to fabricate deals to avoid the tax.