The following Tax Q&A produced in partnership with Sean Randall of Blick Rothenberg provides comprehensive and up to date legal information covering:
Not necessarily. Transactions are ‘linked’ if ‘they form part of a single scheme, arrangement or series of transactions between the same vendor and purchaser or, in either case, persons connected with them’. It is understood that:
a single scheme exists where the transactions form part of some pre-agreed plan or larger transaction
there is a series of transactions where the transactions are entered into sequentially and there is some degree of integral connection or interdependence, and
an arrangement exists when parties reach a common understanding to save the purchaser stamp duty land tax (SDLT) and act in a coordinated way to implement it
Applying this to the facts, part of the test would be met—the transactions would be between the same persons. However, the other part of the test would not. The closest of the three descriptors to the facts is the second. The transactions form part of a ‘series’. But it is unlikely to be
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the potential to deliver a project more efficiently and economically. One of the most popular PPP models for procuring infrastructure
What is a res judicata?A res judicata is a decision given by a judge or tribunal with jurisdiction over the cause of action and the parties, which disposes, with finality, of a matter decided so that it cannot be re-litigated by those bound by the judgment, except on appeal.Final judgments by
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.