Stamp Duty Land Tax (no news is mostly good news)

Graham Chase, Tax Partner, CMS

There has been widespread speculation concerning increases in rates as well as anti-avoidance measures to close such planning opportunities as remain. But no such changes have been announced today. This can only be good news for the property sector.

One proposed measure is the extension of the Disclosure Rules on SDLT avoidance (which requires scheme details to be given to HMRC) to high value residential buildings. This will come into efffect from 1 April 2010.

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