Tag Archives: SDLT

SDLT reform for bulk residential purchases

Natasha Kaye, Tax Partner, Olswang | Published: March 23, 2011
Today’s Budget contains details of a new SDLT relief which will benefit purchasers of residential property who acquire more than one dwelling.  The relief will be introduced in Finance Bill 2011 with effect from Royal Assent. Where this relief is claimed the rate of SDLT will be determined by the mean consideration for the dwellings [...]
Posted in Budget - March 2011 | Also tagged | Leave a comment

SDLT anti-avoidance

Graham Chase, Tax Partner, Olswang | Published: March 23, 2011
Notwithstanding the introduction of a general anti-avoidance rule in 2006, opportunities to avoid SDLT continue. To counter this three changes are announced: Sub-sales  Where the sub-sale provisions apply there is normally a single charge, payable by the sub-purchaser. However, if the sub-sale rules apply and the sub-purchaser can take advantage of an exemption then no charge [...]
Posted in Budget - March 2011, SDLT | Also tagged | Leave a comment

SDLT – anti-avoidance rules to come?

Natasha Kaye, Tax Partner, Olswang | Published: June 22, 2010
No substantive changes have been announced today in relation to stamp duty land tax.  The Government has however announced that “it will examine whether further changes to the rules on stamp duty land tax on high value property transactions are needed to prevent avoidance in this area”. The Liberal Democrats had proposed a number of [...]
Posted in Budget - June 2010, Budget Update, SDLT | Tagged | Leave a comment

SDLT and partnerships – some further thoughts

Graham Chase, Tax Partner, Olswang | Published: March 24, 2010
Some clarity concerning the anti-avoidance measures may be starting to emerge. Existing opportunities arise because transactions involving partnerships are dealt with under schedule 15 FA 2003, which schedule provides a complete code. Mitigation is possible by ensuring that the appropriate degree of connection exists as between the vendor and one or more partners in the purchasing partnership, so that [...]
Posted in Budget - March 2010, Budget Update, SDLT | Tagged | 4 Comments

SDLT partnership anti-avoidance

Natasha Kaye, Tax Partner, Olswang | Published: March 24, 2010
The press releases confirm that stamp duty land tax (SDLT) anti-avoidance legislation will be introduced in the Finance Bill 2010 “to target those who exploit the SDLT partnerships rules to reduce artificially the SDLT payable on some land transactions”. From the basic details which have been outlined in the press release, it seems that the existing general anti-avoidance [...]
Posted in Budget - March 2010, Budget Update, Olswang Budget Blog, SDLT | Tagged | Leave a comment