Stamp duty land tax

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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
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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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
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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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
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 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
Practice notes
FORTHCOMING CHANGE relating to property rich collective investment vehicles and certain investors: HMRC is consulting until 16 December 2020 on draft...
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9th Nov

Most recent Stamp duty land tax content

Practice notes
This Practice Note looks at the way that options and pre-emption agreements over UK land are treated for stamp duty land tax (SDLT) purposes. Options...
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1st Mar
Q&As
It is the duty of the purchaser to deliver a return within 14 days after the effective date of the transaction (see section 76 of the Finance Act 2003...
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25th Feb
Q&As
No. The 'additional SDLT' (or 'surcharge' or 'residential higher rates' or higher 3% rates) is only repayable where there is a disposal of a dwelling...
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Produced in partnership with Sean Randall of Blick Rothenberg 24th Feb
Q&As
Stamp duty land tax (SDLT) is charged on chargeable land transactions (the acquisition of a chargeable interest). A land transaction is not chargeable...
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15th Feb
Q&As
Stamp duty land tax (SDLT) is charged on chargeable land transactions under section 42 of the Finance Act 2003 (FA 2003) and is imposed by reference...
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15th Feb
Q&As
When a company acquires property from a connected person stamp duty land tax (SDLT) is generally charged by reference to the market value of the...
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15th Feb
Q&As
Stamp duty land tax (SDLT) arises on chargeable transactions and is calculated by reference to the rates set out in section 55 of the Finance Act 2003...
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15th Feb
Q&As
This Q&A assumes the purchaser is an individual.The higher rates apply to a purchase of a major interest in a single dwelling by an individual, if at...
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15th Feb
Q&As
It is the duty of the purchaser of UK land to notify HMRC about notifiable land transactions within 30 days after the effective date of the land...
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15th Feb
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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15th Feb
Q&As
Not necessarily. Transactions are ‘linked’ if ‘they form part of a single scheme, arrangement or series of transactions between the same vendor and...
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Produced in partnership with Sean Randall of Blick Rothenberg 15th Feb
Q&As
There is no reference to ‘annexe’ in the stamp duty land tax (SDLT) legislation. The key term used is ‘dwelling’. The relevant question, therefore, is...
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Produced in partnership with Sean Randall of Blick Rothenberg 15th Feb
Q&As
Stamp duty land tax (SDLT) applies to chargeable land transactions. A land transaction is an acquisition of a chargeable interest.For the purposes of...
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Produced in partnership with Charles Goddard of Rosetta Tax 15th Feb
Q&As
The amount of stamp duty land tax (SDLT) payable on a chargeable transaction is determined by reference to the 'chargeable consideration' for the...
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15th Feb

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