Patrick Cannon describes the stamp duty land tax provisions of the Finance Bill 2009
The SDLT changes in this year's Budget and Finance Bill were fairly low-key and the main SDLT development this year is likely to be HMRC deciding to litigate about various SDLT planning schemes undertaken in the past few years which are the subject of enquiries and on which HMRC has been to counsel.
Before summarising this year's legislative changes it is interesting to note that HMRC has adopted of late a moralistic tone in its SDLT enquiries and elsewhere in the Budget has announced action against those who “bend or break” the rules. This moral outrage can be contrasted with the following statements by the Chancellor at last month's Treasury Select Committee meeting:
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Patrick Cannon describes the stamp duty land tax provisions of the Finance Bill 2009
The SDLT changes in this year's Budget and Finance Bill were fairly low-key and the main SDLT development this year is likely to be HMRC deciding to litigate about various SDLT planning schemes undertaken in the past few years which are the subject of enquiries and on which HMRC has been to counsel.
Before summarising this year's legislative changes it is interesting to note that HMRC has adopted of late a moralistic tone in its SDLT enquiries and elsewhere in the Budget has announced action against those who “bend or break” the rules. This moral outrage can be contrasted with the following statements by the Chancellor at last month's Treasury Select Committee meeting:
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
fbf3367d-db6c-4ff2-8db3-85bcec6d2354.jpg?sfvrsn=3e30a8aa_1)
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")