Stamping out the complexities
Language: English Series: Estates Gazette ; (0641) 14 October 2006, 219(1)Publication details: 2006Subject(s): Summary: Considers how effective the revisions in the Finance Act 2006 (L134404) aimed at simplifying the SDLT rules will be. Presents the key changes: increasing the residential threshold, alternative financing (Islamic financing), unit trust seeding relief and the simplification of SDLT treatment of renewal of leases. The new provisions will take effect from royal assent. Also discusses changes in respect of the effect on rent (with effect from royal assent) and abnormal increase in rent (with effect from royal assent but not relevant to 2008). Mentions additional changes to what is and what is not a chargeable consideration in specific areas made by the Stamp Duty Land Tax (Amendment to the Finance Act 2003) Regulations 2006 (L135483).| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L135574 (Browse shelf(Opens below)) | 1 | Available | 135574-1001 |
Considers how effective the revisions in the Finance Act 2006 (L134404) aimed at simplifying the SDLT rules will be. Presents the key changes: increasing the residential threshold, alternative financing (Islamic financing), unit trust seeding relief and the simplification of SDLT treatment of renewal of leases. The new provisions will take effect from royal assent. Also discusses changes in respect of the effect on rent (with effect from royal assent) and abnormal increase in rent (with effect from royal assent but not relevant to 2008). Mentions additional changes to what is and what is not a chargeable consideration in specific areas made by the Stamp Duty Land Tax (Amendment to the Finance Act 2003) Regulations 2006 (L135483).