000			01353cam a2200229 4500
001			WB3914-06
008			030410n2003 000 0 eng u
035			_a(Sirsi) u121946
245			_aModernising the taxation of property
260			_c2003
490			_aHM Treasury Press Release _v(PN 05) 9 April 2003 (5)
490			_aRICS Press Release _v(pr029) 10 April 2003 (2)
520			_aThe chancellor's 2003 budget introduces a package of reforms to modernise the tax treatment of property. Key measures include: frozen stamp duty levels on business property purchases, a zero-rated stamp duty threshold of £150 000 for commercial property transfers and leases, replacing the existing charge to leases with a single 1% charge on the net present value of rental payments and the de-coupling of stamp duty for residential and commercial property. Full budget report available at www.hm-treasury.gov.uk/budget/bud_bud03/budget_report/bud_bud03_repindex.cfm. www.hm-treasury.gov.uk/budget/bud_bud03/press_notices/bud_bud03_press05.cfm www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=897
590			_aWB
650			_aSTAMP DUTY
650			_aPROPERTY TAXATION
650			_aCOMMERCIAL LEASES
650			_aBUDGET
650			_aPROPERTY TRANSACTIONS
690			_aPROPERTY-COMMERCIAL PROPERTY
942			_n0
999			_c72475 _d72475