Kevin Griffin Tax Director with Ernst & Young's Stamp Tax Team attempts to distinguish the fine print from the fiction in the application of stamp duty land tax to undocumented casual occupation of property
Before 1 December 2003 a new lease of UK land was subject to stamp duty. Leases would often be kept offshore and left unstamped or the parties might rely on an agreement for lease the lease proper being granted and stamped only when needed for other purposes. Alternatively the parties might avoid even having to consider stamp duty by relying on informal often undocumented arrangements as no stamp duty charge arose if there was no document. These arrangements perhaps most common in owner-managed businesses corporate groups and partnerships form the...
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Kevin Griffin Tax Director with Ernst & Young's Stamp Tax Team attempts to distinguish the fine print from the fiction in the application of stamp duty land tax to undocumented casual occupation of property
Before 1 December 2003 a new lease of UK land was subject to stamp duty. Leases would often be kept offshore and left unstamped or the parties might rely on an agreement for lease the lease proper being granted and stamped only when needed for other purposes. Alternatively the parties might avoid even having to consider stamp duty by relying on informal often undocumented arrangements as no stamp duty charge arose if there was no document. These arrangements perhaps most common in owner-managed businesses corporate groups and partnerships form the...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
