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Posts Tagged ‘land 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…

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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…

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What price larger homes

The head of communications at the Home Builders Federation (HBF) has recently admitted that at the moment the trend for building new homes has moved towards larger properties. Commentating on the current state of the house build market Steve Turner went on to say that “Builders will obviously build what they can sell. People that…

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Newshams congratulates the RIBA award winners

The Royal Institute of British Architects (RIBA) has announced the winners of the 2011 awards for architectural excellence. The 89 winners in the UK include a community hall in the Hebrides and a self build hideaway in the Lake District as well as fourteen schools and nine university buildings. The awards also give a boost…

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Attention Property Lawyers!

Property lawyers and conveyancers should be aware that HM Revenue and Customs (HMRC) have announced a change to the information required in Stamp Duty Land Tax (SDLT) returns. HMRC has stated that the new forms will be available for use from April 2011 and must be used with effect from 4 July 2011.

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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…

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