000			01687cam a2200253 4500
001			ABS65575
008			020612n2002 000 0 eng u
035			_a(Sirsi) u118385
100			_aRodrigues, M
245			_aStamp considerations
260			_c2002
490			_aEstates Gazette _v(0217) 27 April 2002, 151(1)
520			_aDiscusses the effect the stamp duty measure announced in the Budget will have on the property industry. Continuing with earlier government policy, the Budget has closed several major loopholes in the stamp duty and extended stamp duty relief for disadvantaged areas. Government policy on stamp duty means mitigation schemes - property purchase agreements, Finance Act 1986 s76 and intergroup company stamp duty relief - will no longer be available. The penalty regime has also been extended to include property documents executed outside the UK. Other mitigation schemes will be targeted in the Finance Act 2003. Subject to EU approval over state aid, stamp duty will be abolished for all non-residential property in disadvantaged areas but residential and non-residential property will need to be defined. The aim of stamp duty abolition is to encourage urban regeneration but rather than collaboration with government there may be conflict if government maintains the current high-value property rate in non-disadvantaged aeas and attacks on mitigation schemes.
590			_aABS
650			_aSTAMP DUTY
650			_aBUDGET 2002
650			_aFINANCE BILL 2003
650			_aTAX EXEMPTIONS
650			_aURBAN REGENERATION
650			_aNON-RESIDENTIAL PROPERTY
650			_aPROPERTY TRANSACTIONS
690			_aTAXATION
942			_n0
999			_c70466 _d70466