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To Lease Or Not To Lease

 
Philip Martin Senior Tax Manager at Marks & Spencer reviews the latest Revenue proposals in the field of lease duty
 
Stamp Duty has often been for many tax practitioners the 'forgotten tax' only affecting them personally when they move house. It may come as a shock to learn that the Inland Revenue expects to raise in excess of £8 billion from Stamp Duty and Stamp Duty Reserve Tax (SDRT) a year. This sum is greater than the aggregate of personal capital gains tax inheritance tax and petroleum revenue tax. Stamp taxes are extremely cost-effective for the Revenue as by and large all they have to do is sit in an office and wait for the taxpayer to come in with a cheque!
 
The current Chancellor has raised...

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