The concept of market value is strewn across the SDLT code and must be considered when calculating the amount of tax payable in certain transactions. These rules apply to matters including property transfers to connected companies and transfers between partners and partnerships. They are not directly analogous to the direct tax code, and taxpayers and their advisers must be alert to the trip wires that this may present.
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The concept of market value is strewn across the SDLT code and must be considered when calculating the amount of tax payable in certain transactions. These rules apply to matters including property transfers to connected companies and transfers between partners and partnerships. They are not directly analogous to the direct tax code, and taxpayers and their advisers must be alert to the trip wires that this may present.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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