Can share cancellation schemes save stamp duty?
11th October 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
In its ‘stamp taxes on shares manual’ HMRC has the following to say on ‘cancellation schemes’: Under this scheme, the Court…
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Should non-residential SDLT rates be applied to scruffy dwellings?
7th October 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
‘Tax refund outfits’ have been making hay over the last few years. Their ‘game’ works roughly as follows: 1. Sift through Rightmove…
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Lease extensions and the 3% surcharge
12th July 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The 3% SDLT surcharge has been with us for eight years now and the basic rules are as follows: 1. Trusts and…
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3% stamp duty land tax (SDLT) surcharge and linked transactions
5th July 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
We recently considered a scenario where a property development company was considering acquiring a £3m house for development purposes. More accurately,…
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SDLT on in specie distributions
26th June 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
There are often cases where it is beneficial to transfer assets from one company to another as a distribution. When property…
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Abolition of Multiple Dwellings Relief does not prevent reclaims being made
31st May 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
On 6 March 2024 the Chancellor announced that Multiple Dwellings Relief (MDR) was to be abolished from 1 June 2024 (unless…
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The stamp duty land tax (SDLT) risk of de-enveloping property companies
12th April 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
FA 2003 section 75A is the main piece of SDLT anti-avoidance legislation that HMRC has at its disposal to attack certain…
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Capital gains tax and stamp duty land tax (SDLT)
29th January 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Forbes Dawson
There seems to be quite a lot of misunderstanding about the tax implications of property exchanges. Many people appear to have…
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Tax Tribunal rules that a paddock is non-residential for SDLT purposes
12th June 2023 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Non-residential stamp duty land tax (SDLT) rates are significantly lower than residential SDLT rates for expensive properties. This leads…
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SDLT on six or more properties in linked transactions
26th April 2023 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue It is generally well understood that SDLT is charged at higher rates for residential property than for non-residential (or…
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