Complex SDLT issues can arise in connection with land assembly projects, as Toby Price and Jennifer Doyle (Deloitte) explain.
Land assembly can be hard to do. House builders and other developers wishing to source property rights for a development scheme may need to explore different approaches. If the development is in England or Northern Ireland one of the implications to weigh into the choice of approach should be SDLT.
All statutory references in this article are to FA 2003 unless stated otherwise.
Land options
There are three common approaches the first of which is the use of land options.
Options can be quite burdensome from an SDLT compliance perspective as they tend to result in multiple land transactions. The grant of an option over land is a land transaction for SDLT purposes distinct from the land transaction which arises...
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Complex SDLT issues can arise in connection with land assembly projects, as Toby Price and Jennifer Doyle (Deloitte) explain.
Land assembly can be hard to do. House builders and other developers wishing to source property rights for a development scheme may need to explore different approaches. If the development is in England or Northern Ireland one of the implications to weigh into the choice of approach should be SDLT.
All statutory references in this article are to FA 2003 unless stated otherwise.
Land options
There are three common approaches the first of which is the use of land options.
Options can be quite burdensome from an SDLT compliance perspective as they tend to result in multiple land transactions. The grant of an option over land is a land transaction for SDLT purposes distinct from the land transaction which arises...
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:
