Can share cancellation schemes save stamp duty?

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?

‘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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Issues with stamp duty land tax (SDLT) on property exchanges

SDLT on property exchanges can be quite complicated, although the main principle is fairly easy to understand. For example, if two…

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Lease extensions and the 3% surcharge

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

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

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

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

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)

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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Why a cut in the basic rate of tax could hurt landlords

Many landlords have felt somewhat shafted by tax legislation for a while now. The restriction of tax relief on finance costs…

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