Defusing the bomb
Language: English Series: Estates Gazette ; (0820) 24 May 2008, 126-128(3)Publication details: 2008Subject(s): Summary: Considers changes in the rules governing Stamp Duty Land Tax (SDLT). The Finance Act 2007 ruled that any change in the income-sharing structure within a partnership constituted the transfer of an interest to a property investment partnership. This caused many partnerships to pay SDLT twice on the same property. It is proposed that the Finance Bill 2008 exempt a number of transactions from these rules, including gifts. Also reports on changes to a number of problems inherent in the SDLT relief available regarding property transferred between associated companies, known as group relief.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L143764 (Browse shelf(Opens below)) | 1 | Available | 143764-1001 |
Considers changes in the rules governing Stamp Duty Land Tax (SDLT). The Finance Act 2007 ruled that any change in the income-sharing structure within a partnership constituted the transfer of an interest to a property investment partnership. This caused many partnerships to pay SDLT twice on the same property. It is proposed that the Finance Bill 2008 exempt a number of transactions from these rules, including gifts. Also reports on changes to a number of problems inherent in the SDLT relief available regarding property transferred between associated companies, known as group relief.