000 00861cam a2200205 4500
001 WB3547-45
008 000000n1999 000 0 eng u
035 _a(Sirsi) u102953
245 _aClosing stamp duty loophole
260 _c1999
490 _aProperty Week
_v64(46) 26 November 1999, 5(1)
520 _aGovernment is planning to close a loophole in the current stamp duty system in which specially created corporate tax vehicles can be used to avoid the 3.5% levy. A vendor can set the vehicle to hold the property for sale, and then sell shares in the company, subject to only 0.5% tax. It may not be possible however to regulate for such vehicles which are registered overseas.
590 _aWB
650 _aSTAMP DUTY
650 _aTAX
650 _aLOOPHOLES
650 _aPROPERTY-COMMERCIAL PROPERTY
690 _aTAXATION
942 _n0
999 _c61856
_d61856