Kevin Griffin and Georgina West of Ernst & Young Stamp Taxes team take a first look at the draft legislation to bring partnerships into the SDLT fold
Kevin Griffin and Georgina West of Ernst & Young Stamp Taxes team take a first look at the draft legislation to bring partnerships into the SDLT fold
The consultative document published in April 2002 suggested that where there is a transfer of a substantial interest (30%) in certain entities (including partnerships whether onshore or offshore) whose major activity involves the exploitation of land and whose assets consist mainly of land (70% of the total gross assets) SDLT would be chargeable at the rates applicable to land (up to 4%). During the consultation period there was significant resistance from the professional and business community. It was felt...
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Kevin Griffin and Georgina West of Ernst & Young Stamp Taxes team take a first look at the draft legislation to bring partnerships into the SDLT fold
Kevin Griffin and Georgina West of Ernst & Young Stamp Taxes team take a first look at the draft legislation to bring partnerships into the SDLT fold
The consultative document published in April 2002 suggested that where there is a transfer of a substantial interest (30%) in certain entities (including partnerships whether onshore or offshore) whose major activity involves the exploitation of land and whose assets consist mainly of land (70% of the total gross assets) SDLT would be chargeable at the rates applicable to land (up to 4%). During the consultation period there was significant resistance from the professional and business community. It was felt...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
