Stamp Duty Land Tax ('SDLT') raises some £6 billion per annum - more revenue than inheritance tax and capital gains tax put together. Providing a much-needed, incisive and comprehensive commentary on every aspect of SDLT, this book will appeal to property lawyers, tax specialists, and anyone involved in land transactions. It gives a detailed discussion of the legislation and puts forward suggested interpretations and planning opportunities. The second edition is fully updated and deals with the many changes that have been made since the introduction of SDLT. New chapters provide in-depth coverage of the treatment both of leases and partnerships. Areas of difficulty which arise in practice are dealt with throughout. In addition, the chapter on planning has been revised to take account of new legislation and case law, including the impact of the SDLT disclosure rules.
• Concise book comparing the old and new stamp duty provisions introduced with effect from 1 December 2003. Accessible to all professionals in the property industry. • This new edition is fully updated to take account of changes up to 2005 Finance Acts, and includes detailed coverage of the SDLT treatment of leases and partnerships. Covers land transactions only, and is not therefore cluttered with material on other stamping transactions. • Includes interpretation and planning recommendations.
Preface to first edition; Preface to second edition; The application of SDLT to Scotland and Northern Ireland; List of tables; Table of cases; Table of statutes; Table of statutory instruments; Table of rates of tax; Glossary; List of abbreviations; 1. Introduction and overview; 2. The charge to SDLT; 3. Application of SDLT to transactions other than sales; 4. Calculating the liability to SDLT; 5. Exemptions and reliefs; 6. SDLT and leases; 7. Partnerships; 8. Structuring transactions and planning; 9. Administration, compliance and appeals; 10. Commencement, transition and future developments; Appendix 1. Practitioner checklist; Appendix 2. Table of exemptions and reliefs; Index.
Review of the first edition: '[T]his book should be a vade mecum for all practitioners.' David Goldberg QC
Review of the first edition: 'A thought-provoking new classic. …' The Tax Journal
Review of the first edition: 'A superbly readable book on a complex topic. I have found it an essential practice aide which I keep constantly to hand. The book is arranged in logical sections making it easy for the practitioner to find what he or she wants quickly and efficiently. The language is clear and unambiguous and I have no hesitation in recommending this book as an essential purchase for any practitioner who requires guidance on stamp duty land tax.' Paul Hawksworth, Partners Tindsills Solicitors, Stoke on Trent
'The first edition was a beacon in the night following the introduction of the SDLT regime.' Hugh Blaza, Senior Partner, BrookStreet des Roches
'SDLT is a significant cost in many property transactions and this book would be a very useful part of the practitioner's library.' The Tax Journal