Welsh government prepares replacement for stamp duty
The Welsh government has published a draft of the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill. The new tax would replace stamp duty land tax on transactions from 1st April 2018, though initially it will be consistent…
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Statistics confirm stamp duty surcharge triggered a buy-to-let surge
Recent banking industry statistics have confirmed predictions of a significant surge in buy-to-let and second-home buying just before the new stamp duty land tax surcharge was introduced in April this year. The 3% additional charge was announced in last December’s…
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Stamp Duty Land Tax Surcharge on Second Homes
THE BASICS On 28th December 2015 HM Treasury published details of how it will apply the new stamp duty land tax surcharge on second properties. Full details may be found at – https://goo.gl/HvRUQz The draft guidance indicates that the additional…
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Autumn Statement 2015: Implications for owner-managed companies and investment property owners
You may be forgiven for regarding last weeks Autumn Statement as being a little on the bland side as far as taxation goes but if you are in business or are involved with investment properties then you really do need…
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AUTUMN STATEMENT 2015: Stamp Duty Land Tax Changes
SDLT: additional properties Higher rates of SDLT will be charged on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, from 1 April 2016. The higher rates will be 3 percentage points above the current SDLT rates….
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Upper Tribunal victory for HMRC in a leading SDLT anti-avoidance case
A tax tribunal has upheld a legal ruling against a Stamp Duty Land Tax avoidance scheme, protecting up to £123 million in tax. Scheme user Project Blue Ltd had appealed against an earlier First Tier Tribunal decision relating to its…
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