The end of an era
Series: Estates Gazette ; (0220) 18 May 2002, 218(2)Publication details: 2002Subject(s): Summary: Stamp duty, one of the UK's oldest taxes, is due to be abolished once the Finance Act 2002 is in force and with it will go the last of the major loopholes in the legislation before the introduction of the replacement duty. Looks at what areas of opporturnity are available for stamp duty planning before the tax's abolition. One option is to exploit the difference in rates of duty where land is wrapped into a company without incurring the full duty. This option though has been closed by the Budget. The other planning technique is to avoid the creation of a stampable document; this option will be blocked by the Finance Act.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65573 (Browse shelf(Opens below)) | 1 | Available | 118315-1001 |
Stamp duty, one of the UK's oldest taxes, is due to be abolished once the Finance Act 2002 is in force and with it will go the last of the major loopholes in the legislation before the introduction of the replacement duty. Looks at what areas of opporturnity are available for stamp duty planning before the tax's abolition. One option is to exploit the difference in rates of duty where land is wrapped into a company without incurring the full duty. This option though has been closed by the Budget. The other planning technique is to avoid the creation of a stampable document; this option will be blocked by the Finance Act.