0897 099 890

Posts Tagged ‘commercial property stamp duty’

What will the budget have in store for SDLT?

Stamp Duty Land Tax (SDLT) concessions granted to first time buyers in the 2010 budget come to an end on 24 March this year. The concession, which meant that first time buyers wouldn’t have to pay the 1% SDLT on properties costing between £125,000 and £250,000 has had a fairly limited impact on the housing…

Read More

Property tax evasion taskforce

Earlier this month, HMRC announced the launch of a task force wit the brief of tackling “tax evasion on property transactions in Greater London”. The taskforce is to target cases where there is a deliberate failure to comply with the Option to Tax regime. The Option to Tax regime basically allows the supply of land…

Read More

Government releases housing land

The Housing Minister, Grant Shapps, has today announced ambitious plans for Government and Council held land to be released for housing. With the aim of kick starting the house building industry and creating up to 25,000 jobs, the hope is to build 100,000 new homes on this land by 2015. Every Government department with significant…

Read More

Group Relief for Stamp Duty Land Tax: Limited Liability Partnerships

Group Relief for Stamp Duty Land Tax: Limited Liability Partnerships Stamp Duty Land Tax – A change in HMRC’s view of the law Background Where UK real estate is transferred between members of the same group, and provided certain conditions are met, the tax legislation provides a relief from stamp duty land tax (SDLT). Companies…

Read More