| Commentary

281 Acquisition relief

| Commentary

281 Acquisition relief

The parties may only claim a complete relief from stamp duty land tax where there is an ‘across the board’ reconstruction1. Where a demerger splits off two or more businesses into the hands of different shareholders, for example, reconstruction relief in paragraph 7 of Schedule 7 to the Finance Act 2003 will not apply. In such a case, partial relief from stamp duty land tax may be obtained by claiming acquisition relief under paragraph 8 of Schedule 7 to the Finance Act 2003. If all the conditions for the relief are satisfied, the rate of tax chargeable

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