Duty unbound
Series: Property Week ; 67(19) 17 May 2002, 50-51(2)Publication details: 2002Subject(s): Summary: Asks whether tax exemptions for deprived areas can replace profitable loopholes in stamp duty lost in April's Budget. The tax exemptions are aimed at encouraging urban regeneration in areas suffering from social and economic deprivation by reducing the entry costs imposed on business. The designations for deprived areas are based on a combination of electoral wards and postcodes and this can produce areas, especially in London, where affluent areas can come under the tax exemptions because they share the ward or post code with an area of high unemployment and poor housing. Consequently there may be unintentional benefits but one needs to check carefully that a building falls into the scheme's parameters.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65574 (Browse shelf(Opens below)) | 1 | Available | 118355-1001 |
Asks whether tax exemptions for deprived areas can replace profitable loopholes in stamp duty lost in April's Budget. The tax exemptions are aimed at encouraging urban regeneration in areas suffering from social and economic deprivation by reducing the entry costs imposed on business. The designations for deprived areas are based on a combination of electoral wards and postcodes and this can produce areas, especially in London, where affluent areas can come under the tax exemptions because they share the ward or post code with an area of high unemployment and poor housing. Consequently there may be unintentional benefits but one needs to check carefully that a building falls into the scheme's parameters.