Did the higher rate of SDLT apply?
Patrick Cannon (15 Old Square) sets out some considerations for advisers when assisting clients who are potentially within the scope of the higher SDLT charge.
The Office of Tax Simplification (OTS) has published the terms of reference for its two latest reviews, announced at the Autumn Statement, covering stamp duty on paper share transactions and VAT.
For the review of stamp duty, the OTS will consider:
Patrick Cannon (15 Old Square Chambers) provides guidance on the recent decision made by the Court of Appeal in Project Blue, and asks why the MoD did not make it a condition of sale that SDLT was paid.
Experts at Tolley examine highlights of the draft 2016 Finance Bill.
Private client law firm Collyer Bristow reports that HMRC’s new Counter Avoidance Directorate, which was set up in April 2014, raised £301.8m in unpaid stamp duty land tax (SDLT) for the year ended 31 March 2015.
HMRC have published Spotlight 25: Stamp Duty Land Tax avoidance - no human rights breach in Stamp Duty avoidance challenge as part of the Spotlight series highlighting where they believe individuals are being offered schemes to avoid tax.