Stamp Duty
Below is a selection of our most recent updates on this subject.
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Chancellor indicates anti avoidance provisions likely in Budget
Tuesday, February 28, 2012
The solicitors regulatory body has warned its members not to get involved in stamp duty land tax avoidance.
Monday, February 27, 2012
More reporting of the use of offshore companies to hold high value UK residential property to avoid stamp duty
Monday, November 28, 2011
HMRC has issued draft guidance on how the relief from SDLT for purchase of multiple dwellings will operate.
Tuesday, May 31, 2011
The rules become a little clearer
Tuesday, March 30, 2010
Chancellor todays announced temporary removal of stamp duty for properties under £175,000
Tuesday, September 02, 2008
Reports in the Times suggest that the Treasury may look to suspend stamp duty land tax on all house purchases
Tuesday, August 05, 2008
Government attempts to ease the burden of stamp duty on first-time house buyers have failed, according to the Council of Mortgage Lenders. CML figures show that half of all first-time buyers and more than three-quarters of home movers now pay stamp duty, despite the decision to raise the threshold for it from £60,000 to £125,000 in the last two Budgets. A generation ago the twin concerns of a 20-something year old may have been getting married and having babies. These days paying off student debt and getting a first foot on the first rung of the property ladder are of more concern. Any advice a financial adviser can offer to a client or their children in planning for the future is likely to be welcomed. These latest vital statistics from the CML are a stark reminder of the financial problems facing young adults and are a source of useful information for financial advisers.
Friday, May 12, 2006
HM Revenue & Customs has reluctantly agreed to change the system it uses to scan stamp duty forms to try to halve the error rate. By oversight, the necessary Treasury regulations providing for the setting of the rates of interest chargeable and payable were overlooked. SI 2005 / 2462 provides for the setting of the rates of interest.
Friday, September 16, 2005
The Inland Revenue has published a note explaining what has happened to the Budget proposals on Stamp Duty Land Tax. In some circumstances a repayment may be due to purchasers who have paid tax on the basis of measures announced in the Budget.
Wednesday, April 13, 2005