Fifteen per cent higher stamp duty rate for companies buying residential properties now kicks in at £500,000
By Emily Kozien-Colyer and Guy Martin
The chancellor’s 2014 Budget, announced on 19 March 2014, set out a number of changes and extensions to the post-2012 stamp duty land tax (SDLT) regime.
The 15 per cent SDLT rate was initially introduced in April 2012 and applied where a company bought a ‘single dwelling’ property for more than £2m. The chancellor was clear that these provisions were intended to deal with stamp duty tax avoidance in relation to purchases of residential property.
A new legislative schedule was introduced to deal with the 15 per cent rate, as a self-contained regime. As a reminder, the key provisions of this schedule are…
Click on the link below to read the rest of the Goodman Derrick briefing.
News from Goodman Derrick
Briefings from Goodman Derrick
The Court of Appeal delivers an important decision in the turbulent area of relief from sanctions for non-compliance with court rules or orders.
The Inheritance and Trustees’ Power Bill received royal assent on 14 May to become the Inheritance and Trustees’ Power Act 2014.
Analysis from The Lawyer
Active financial management is vital, but with firms looking more closely at the process of debt and fee collection, the personal touch still counts
The lure of the law can kick in at any stage of life. We speak to four individuals who have made a radical switch to a legal career