Stamp duty land tax

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Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
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9th Nov
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 12th Jan
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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9th Nov
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 12th Jan
Practice notes
This Practice Note is about the meaning of a scheme of reconstruction for tax purposes.Tax neutrality is maintained where a company (company A) enters...
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9th Nov
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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Produced in partnership with Martin Wilson 12th Jan
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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9th Nov
Practice notes
Brexit: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 12th Jan
Practice notes
Plant and machinery allowances are the most widely used form of capital allowance. Plant and machinery is often (wrongly) interpreted as if the terms...
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Produced in partnership with Martin Wilson 12th Jan
Practice notes
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
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9th Nov
Practice notes
FORTHCOMING CHANGE: HMRC is consulting (13 July to 10 August 2020) on draft regulations to provide a deduction from a UK entity’s equity and...
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Produced in partnership with Charlotte Sallabank of Katten Muchin Rosenman UK LLP 12th Jan
Practice notes
Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018,...
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Produced in partnership with John Fuszard of Sagars Accountants Ltd 12th Jan
Practice notes
Stamp duty land tax (SDLT) ceased to apply to any land transaction involving any interests in or over land in Scotland from 1 April 2015. From that...
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9th Nov

Most recent Stamp duty land tax content

Q&As
As a general rule, stamp duty land tax (SDLT) is charged by reference to the chargeable consideration given for the subject matter of the transaction....
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29th Nov
Q&As
It has been assumed that there is only one purchaser and they do not have a spouse or civil partner, and the buy-to-let property is not being bought...
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29th Nov
Q&As
Case studyA buyer owns a residential buy to let property. The buyer acquires a new dwelling with the intention of it becoming a main residence and...
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29th Nov
Q&As
Where transactions are ‘linked’ for stamp duty land tax (SDLT) purposes, the consideration for the linked transactions is aggregated in order to...
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29th Nov
Q&As
Interest under section 87 of the Finance Act 2003 is payable on unpaid SDLT after the filing date. The interest rate is set by section 178 of the...
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29th Nov
Q&As
There are various tax aspects to consider when a corporate tenant is granted a reversionary lease including:•Stamp duty land tax (SDLT)•Value added...
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29th Nov
Q&As
As explained in Practice Note: SDLT—multiple dwellings relief, paragraph 7 of Schedule 6B to the Finance Act 2003 (FA 2003) determines what counts as...
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29th Nov
Q&As
The higher rates of the stamp duty land tax (SDLT) apply to the purchase of a major interest in a single dwelling by an individual, if at the end of...
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29th Nov
Q&As
The higher rates will apply to the purchase of a major interest in a single dwelling by an individual, if at the end of the day of purchase,...
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29th Nov
Q&As
The higher 3% rates of stamp duty land tax (SDLT) apply to a purchase of a major interest in a single dwelling by an individual, if at the end of the...
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29th Nov
Q&As
The higher rates of the stamp duty land tax (SDLT) will apply to the purchase of a major interest in a single dwelling by an individual, if at the end...
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29th Nov
Q&As
There is no prescribed form when applying to HMRC to defer SDLT on contingent or uncertain consideration. The application must comply with the...
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29th Nov
Q&As
Stamp duty land tax (SDLT) applies to chargeable land transactions. A land transaction is an acquisition of a chargeable interest (sections 42–43 of...
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29th Nov
Precedents
Definitions Deferred SDLT has the meaning as set out in clause [insert number] HMRC Her Majesty’s Revenue and...
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26th Sep

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