Finance Bill seeks regime change
Series: Estates Gazette ; (0319) 10 May 2003, 114-115(2)Publication details: 2003Subject(s): Summary: The Finance Bill sets out the framework for the new stamp duty land tax (SDLT) which is due to take effect on 1 December. Key points highlighted are that the SDLT will mainly apply to transactions completed on or after 1 December, although contracts exchanged before Royal Assent will be subject to the present stamp duty regime. It is a transactional tax and places greater compliance obligations on purchasers.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66852 (Browse shelf(Opens below)) | 1 | Available | 122693-1001 |
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The Finance Bill sets out the framework for the new stamp duty land tax (SDLT) which is due to take effect on 1 December. Key points highlighted are that the SDLT will mainly apply to transactions completed on or after 1 December, although contracts exchanged before Royal Assent will be subject to the present stamp duty regime. It is a transactional tax and places greater compliance obligations on purchasers.