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Stamp duty exemption approved

Series: European Commission Press Release ; 21 January 2003, (2)Publication details: 2003Subject(s): Summary: UK plans to exempt non-residential property transactions in disadvantaged areas from stamp duty have been given European Commission approval. Changes are expected to take effect at the beginning of the next financial year. It will mean the removal of the levy in the UK's 2 000 enterprise zones and is intended to encourage investment in the UK's most deprived areas. The exemption will apply until 31 December 2006 when new regional aid guidelines will become applicable. http://www.europa.eu.int/rapid/start/cgi/guesten.ksh?p_action.gettxt=gt&doc=IP/03/89 $0
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News article London News article WB3904-28 (Browse shelf(Opens below)) 1 Available 121181-1001

UK plans to exempt non-residential property transactions in disadvantaged areas from stamp duty have been given European Commission approval. Changes are expected to take effect at the beginning of the next financial year. It will mean the removal of the levy in the UK's 2 000 enterprise zones and is intended to encourage investment in the UK's most deprived areas. The exemption will apply until 31 December 2006 when new regional aid guidelines will become applicable. http://www.europa.eu.int/rapid/start/cgi/guesten.ksh?p_action.gettxt=gt&doc=IP/03/89 $0 APID&lg=EN&display=