Stamp taxes

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Practice notes
IHT—quick succession reliefQuick succession relief (QSR), which is not to be confused with taper relief, applies to a transfer of value which attracts...
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Produced in partnership with Katya Vagner of PwC 19th May
Practice notes
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
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Produced in partnership with Peter Murrin of Turcan Connell 19th May
Practice notes
What is an offshore trust?A trust is formed either by lifetime gift or on death when a person (the settlor) transfers assets to another person or...
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Produced in partnership with Mourant Ozannes and Carey Olsen 19th May
Practice notes
Taxation of age 18–25 trusts—IHTThe special category of age 18–25 trusts was introduced by Finance Act 2006 (FA 2006) to offer some compensation for...
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Produced in partnership with Paul Davies of Clarke Willmott 19th May
Practice notes
CGT—giftsA gift of an asset is a disposal for capital gains tax (CGT) purposes. It can, therefore, trigger a CGT charge on the gain deemed to have...
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Produced in partnership with Laura Poots (Barrister) of Pump Court Tax Chambers 19th May
Q&As
When can a mistake in an executed deed be rectified by a manuscript amendment rather than by a deed of rectification?This Q&A explains when it is...
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Produced in partnership with Emma Holland of Stewarts Law 19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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19th May
Practice notes
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
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19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
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19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
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19th May
Practice notes
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
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19th May
Practice notes
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
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19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
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19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
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19th May
Precedents
This Deed is made on [date]Parties1[insert name] of [insert address] and [insert name] of [insert address] (the Retiring Trustees) and2[insert name]...
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19th May
Practice notes
Beneficial ownership registers—private clients and trustsCORONAVIRUS (COVID-19): Certain aspects of the PSC regime are affected by temporary measures...
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19th May

Most recent Stamp taxes content

Practice notes
SDLT—general reliefs and exemptionsOnce is has been determined that there is a notifiable transaction for SDLT purposes, it should be considered...
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20th Jul
Practice notes
SDLT—notifiable transactionsThis Practice Note considers the steps to take in relation to SDLT once it is established there is a chargeable...
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16th Jul
Practice notes
SDLT—administration and complianceThis Practice Note summarises the stamp duty land tax (SDLT) compliance regime and gives an overview of the...
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15th Jul
Practice notes
3 per cent higher rates of SDLT on additional residential propertiesThe higher 3% rates of stamp duty land tax (SDLT) apply to:•purchases of certain...
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15th Jul
Practice notes
SDLT—residential property vs non-residential propertyThe amount of stamp duty land tax (SDLT) charged in relation to a chargeable transaction is a...
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15th Jul
Practice notes
Introductory guide to stamp taxesFORTHCOMING CHANGE relating to electronic stamping becomes permanent on 19 July 2021: With effect from 19 July 2021,...
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28th Jun
Practice notes
15 per cent rate of SDLT for high-value residential property transactionsThe higher rate of stamp duty land tax (SDLT) for high-value residential...
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23rd Jun
Practice notes
Stamp duty on transfers—scope, administration and enforcementFORTHCOMING CHANGE relating to electronic stamping becomes permanent on 19 July 2021:...
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23rd Jun
Practice notes
Scotland: Land and buildings transaction tax (LBTT)—the basicsLand and buildings transaction tax (LBTT) replaced stamp duty land tax (SDLT) in...
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Produced in partnership with Ronnie Brown of Burness Paull 23rd Jun
Practice notes
SDLT chargeable considerationThis Practice Note looks at the meaning of chargeable consideration, which determines the amount of stamp duty land tax...
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22nd Jun
Practice notes
2% SDLT surcharge for non-residentsFrom 1 April 2021, non-UK residents that buy residential property in England and Northern Ireland pay a 2%...
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22nd Jun
Precedents
2% SDLT surcharge for non-residents—training materialsThese Training Materials cover the 2% stamp duty land tax (SDLT) surcharge that applies from 1...
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22nd Jun
Practice notes
Wales: Land transaction tax (LTT)—the basicsThis Practice Note provides an overview of land transaction tax (LTT) which replaced stamp duty land tax...
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Produced in partnership with Andrew Evans of Geldards LLP 22nd Jun
Practice notes
Rates of SDLTThis Practice Note considers the various rates of stamp duty land tax (SDLT), including rates of SDLT applicable on transactions...
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22nd Jun
Q&As
Where executors are purchasing property on behalf of the estate of the deceased, is the transaction subject to stamp duty land tax?We refer you to...
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11th Jun
Q&As
If a property is purchased by an SPV that will hold the property on bare trust for a company (non-charity) and a charity, can charities relief from...
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6th Jun
Q&As
How does SDLT apply to a transfer of residential property to a spouse (or ex-spouse) for no consideration pursuant to a Court Order on divorce where...
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6th Jun

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