Peter Jackson and James Stewart on the new insight provided by revised HMRC guidance on the application of s 75A
On 28 February 2011 HMRC published revised guidance on its interpretation of the anti-avoidance provisions contained in FA 2003 s 75A.
HMRC had previously published guidance on s 75A in the November 2010 Stamp Taxes Bulletin. It is not clear whether the revised guidance is intended to supplement or replace the previous guidance on s 75A.
Clarification by HMRC of the status of the earlier guidance published in November 2010 in the light of the more recent revised guidance published in February 2011 would be most welcome given that the earlier guidance helpfully covered matters concerning the administration and notification of s 75A notional land transactions together with commentary on incidental transactions and variations to contracts insofar as impacting on the application...
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Peter Jackson and James Stewart on the new insight provided by revised HMRC guidance on the application of s 75A
On 28 February 2011 HMRC published revised guidance on its interpretation of the anti-avoidance provisions contained in FA 2003 s 75A.
HMRC had previously published guidance on s 75A in the November 2010 Stamp Taxes Bulletin. It is not clear whether the revised guidance is intended to supplement or replace the previous guidance on s 75A.
Clarification by HMRC of the status of the earlier guidance published in November 2010 in the light of the more recent revised guidance published in February 2011 would be most welcome given that the earlier guidance helpfully covered matters concerning the administration and notification of s 75A notional land transactions together with commentary on incidental transactions and variations to contracts insofar as impacting on the application...
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:
