Buying the shares in a property SPV (Special Purpose Vehicle) can appear to be attractive because of the possible savings in transaction taxes, notably Stamp Duty Land Tax. It may also be an appropriate approach when dealing with the purchase of a portfolio of properties. This Practice Note outlines some of the key legal differences between property SPV transactions and direct property purchases. It also sets out some practical issues, which practitioners should be aware of when advising on a transaction of this nature.
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