Philip Ridgway, Barrister, Temple Tax Chambers, asks if bona fide purchasers in land transactions should be worried by FA 2003, s 75A?
Philip Ridgway Barrister Temple Tax Chambers asks if bona fide purchasers in land transactions should be worried by FA 2003 s 75A?
The question I wish to pose and attempt to answer in this article is: 'Does a party to a land transaction who pays full market value and accounts for the duty as prescribed by the legislation on that transaction have anything to worry about under FA 2003 s 75A?' In other words could such a person be assessed to further duty (or be required to self-assess further duty) notwithstanding the fact that he or she has accounted for the full amount of duty on...
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Philip Ridgway, Barrister, Temple Tax Chambers, asks if bona fide purchasers in land transactions should be worried by FA 2003, s 75A?
Philip Ridgway Barrister Temple Tax Chambers asks if bona fide purchasers in land transactions should be worried by FA 2003 s 75A?
The question I wish to pose and attempt to answer in this article is: 'Does a party to a land transaction who pays full market value and accounts for the duty as prescribed by the legislation on that transaction have anything to worry about under FA 2003 s 75A?' In other words could such a person be assessed to further duty (or be required to self-assess further duty) notwithstanding the fact that he or she has accounted for the full amount of duty on...
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:
