Robin Mathew QC New Square Chambers considers when two or more land transactions are 'linked' and for SDLT anti-avoidance purposes treated as one
Stamp duty land tax (SDLT) is a new tax1 on land 'transactions' with a ponderous title and an awkward mnemonic which replaced stamp duty a dull difficult tax much avoided and 300 years old. Unlike stamp duty SDLT is not a tax on documents and their effect but on the transaction itself which procures a transfer of land or an interest in land.
As it is a progressive tax (and now a significant cost to many purchasers) it is essential in order to calculate the duty to define the chargeable 'transaction' and to ensure that...
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Robin Mathew QC New Square Chambers considers when two or more land transactions are 'linked' and for SDLT anti-avoidance purposes treated as one
Stamp duty land tax (SDLT) is a new tax1 on land 'transactions' with a ponderous title and an awkward mnemonic which replaced stamp duty a dull difficult tax much avoided and 300 years old. Unlike stamp duty SDLT is not a tax on documents and their effect but on the transaction itself which procures a transfer of land or an interest in land.
As it is a progressive tax (and now a significant cost to many purchasers) it is essential in order to calculate the duty to define the chargeable 'transaction' and to ensure that...
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:
