Andrew Levene (BKL) answers a query on the sale of residential property owned by a company.
Chris Sanger (EY) examines the smorgasbord of tax measures announced this week
Practitioner views on the Autumn Statement:
Incomplete SDLT return
The Scottish government has announced rates for the new land and buildings transaction tax (LBTT), which is to replace stamp duty land tax (SDLT), in its draft Scottish Budget for 2015/16. The nil rate applies up to £135,000, rising to 12% on transactions over £1,000,000.
Toby Price and Martin Walker (Deloitte) consider the potential stamp tax traps arising on IPOs, including pre-IPO reorganisations and overallotment (or greenshoe) options, as well as offering practical solutions
HMRC has issued guidance on late payment of stamp duty, and published details of the new stamp duty penalties that were introduced on 1 October 2014. These apply to all documents submitted for stamping after that date.
SDLT: time limit for amending a return