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Stamp Duty breaches EC rules

Series: Property Week ; 67(17) 3 May 2002, 7 | Property Week ; 67(17) 3 May 2002, 3 | RICS Brussels Briefing ; 7 May 2002, (2)Publication details: 2002Subject(s): Summary: The European Commission has opened a formal investigation procedure into the UKαs use of stamp duty exemptions for non-residential property in disadvantaged areas on the grounds that the scheme does not conform to the ♯deprived area guidelinesα. Government and interested parties may submit comments within a limited time period. RICS will be writing to the Commission in the coming weeks. Als government proposals in the "Modernising Stamp Duty" consultation paper will add more than 4% onto outsourcing deals. The consultation paper can be found on the DTLR site. http://www.rics.org/ricscms/bin/show?class=Brief&template=/includes/showbrief.html&id=347
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News article London News article WB3817-20 (Browse shelf(Opens below)) 1 Available 117904-1001

The European Commission has opened a formal investigation procedure into the UKαs use of stamp duty exemptions for non-residential property in disadvantaged areas on the grounds that the scheme does not conform to the ♯deprived area guidelinesα. Government and interested parties may submit comments within a limited time period. RICS will be writing to the Commission in the coming weeks. Als government proposals in the "Modernising Stamp Duty" consultation paper will add more than 4% onto outsourcing deals. The consultation paper can be found on the DTLR site. http://www.rics.org/ricscms/bin/show?class=Brief&template=/includes/showbrief.html&id=347