Keep the vehicle wheels well oiled
Series: Estates Gazette ; (0235) 31 August 2002, 90-91(2)Publication details: 2002Subject(s): Summary: Examines the continued value of property special purpose vehicles (SPVs), popular because of the low stamp duty rate of 0.5% paid by the purchaser on a sale. Restrictions introduced in the Finance Act 2002 and more expected in the Finance Act 2003 mean that SPV sales only have a limited lifespan and are likely to cease in 2003. Advises those involved with SPVs to familiarise themselves with the differences (discussed in the article) from the usual property sale procedures.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS65996 (Browse shelf(Opens below)) | 1 | Available | 120008-1001 |
Examines the continued value of property special purpose vehicles (SPVs), popular because of the low stamp duty rate of 0.5% paid by the purchaser on a sale. Restrictions introduced in the Finance Act 2002 and more expected in the Finance Act 2003 mean that SPV sales only have a limited lifespan and are likely to cease in 2003. Advises those involved with SPVs to familiarise themselves with the differences (discussed in the article) from the usual property sale procedures.