Posts Tagged ‘stamp duty on commercial property’
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
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…Read More
The complexities of corporate transaction tax planning including SDLT implications
One of the mainstays of the Government’s recovery policy is the encouragement of small business and enterprise. Its success in this area is partially underlined by the number of new companies being registered at Companies House. In March 2011 alone a total of 43,619 new companies were registered, a rise of 5% on the previous…Read More
Stamp Duty Land Tax case won by taxpayer
The first Stamp Duty Land Tax (SDLT) case taken to the Tax Tribunal by HMRC has been won by the taxpayer. This victory is a vindication of the interpretation commonly applied to one aspect of SDLT regulations by experts although an appeal by HMRC is expected. SDLT applies when property above a certain value is…Read More
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.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