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New sheriff in town for stamp duty cowboys

Series: Estates Gazette ; (0342) 18 October 2003, 30(1)Publication details: 2003Subject(s): Summary: Craig Lester the head of stamp taxes at the Inland Revenue warns of a tougher regime for stamp tax avoiders. The Revenue's powers to enquire into any transaction would be extended to stamp tax from 1 December when the regime is replaced by a stamp duty tax. A commercial transaction unit being set up in the Manchester tax office will investigate around 5% of the deals each year.

Craig Lester the head of stamp taxes at the Inland Revenue warns of a tougher regime for stamp tax avoiders. The Revenue's powers to enquire into any transaction would be extended to stamp tax from 1 December when the regime is replaced by a stamp duty tax. A commercial transaction unit being set up in the Manchester tax office will investigate around 5% of the deals each year.