Q&As

What is the SDLT position where four properties (1, 2, 3 and 4) which are each held on bare trust for four beneficiaries (A, B, C and D) equivalent to a 25% interest each are transferred so that A acquires a 100% interest in property 1, B acquires a 100% interest in property 2, etc?

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Produced in partnership with Mary Ashley of Old Square Tax Chambers

Published on: 01 November 2019

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Partitioning property is dealt with in paragraph 6 of Schedule 4 to the Finance Act 2003. Where a land transaction is giving effect to a partition or division of a chargeable interest to which persons

Mary Ashley

Old Square Tax Chambers

I have extensive experience advising in all areas of personal taxation. I have recently advised on SDLT, inheritance tax, capital gains tax, domicile, de-enveloping, the variation of trusts and off-shore trusts. I am the co-author of the 11th edition of Taxation of Charities and Non-Profit Organisations.

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United Kingdom

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