As from July 2020 no tax is payable on the first £500,000 of the purchase price of residential property. Karen Noye, mortgage expert at Quilter, said: "As one would expect considering that the stamp duty holiday has been in play stamp duty land tax receipts have plummeted by 25% betwe...
It states that the First Tier Tribunal has confirmed the Vardy Property Group's failure to follow the company law after using a stamp duty avoidance scheme to avoid paying £290,000 in tax. Moreover, i...
Recent discussion, as summarised in Adam Corbin’s article “Stamp Duty Land Tax and mixed use premises: “grounds with house for sale?”” has focused around what type of land falls outside the scope of “garden or grounds” and would therefore be classed as “non-residential property”. ...
Yes. Where HMRC seeks to challenge the stamp duty land tax (SDLT) treatment of a transaction, it is increasingly reliant on the application of FA 2003 s 75A. The statutory provision is extremely widely drafted and, until fairly recently, its scope had not been tested in the courts. Case l...
The article discusses the decision of Great Britain's Her Majesty's Revenue and Customs (HMRC) to close a 135 million pound stamp duty tax avoidance scheme used to buy Chelsea Barracks in London, England after a tax tribunal ruled in its favour in 2013.Dale...
It states that HMRC has won a landmark victory after the First Tier tribunal ruled against the use of a stamp duty loophole known as sub-sale relief. It states that the tribunal has held that property firm Vardy Property Group, who bought a business park, must pay the 290,000 pounds ...
It notes the HMRC has closed a 拢135 million stamp duty tax avoidance scheme that was used to acquire Chelsea Barracks for commercial reasons. Moreover, HMRC has ruled that Project Blue has failed to establish evidence over the consideration of tax avoidance as a factor to proceed the ...
The article reports that HM Revenue and Customs could lose about one billion pounds in tax revenues if HSBC Holdings PLC's landmark stamp duty reserve tax (SDRT) ruling in the ECJ is extended beyond the European Union (EU). It states that SDRT was charged on shares in Great Britain ...