SDLT – anti-avoidance rules to come?

No substantive changes have been announced today in relation to stamp duty land tax.  The Government has however announced that “it will examine whether further changes to the rules on stamp duty land tax on high value property transactions are needed to prevent avoidance in this area”.

The Liberal Democrats had proposed a number of anti-avoidance measures in their election manifesto, including introducing legislation to prevent avoidance of stamp duty land tax “through the use of offshore business structures”.   Exactly what they have in mind remains to be seen.

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