Market leading insight for tax experts
View online issue

PBR 2006: SDLT Anti-Avoidance

Patrick Cannon looks in detail at the SDLT anti-avoidance rules introduced in the Pre-Budget Report on 6 December 2006
The Stamp Duty Land Tax (Variation of the Finance Act 2003) Regulations 2006 (SI 2006 No 3237) introduced two new anti-avoidance rules effective from Wednesday 6 December 2006 (the 'relevant time'). One rule is intended to block SDLT schemes including sub-sales and lease variations of the type utilised by some taxpayers since the abolition of the relief for transfers into property unit trusts blocked the Jersey Property Unit Trusts (JPUT) schemes. The other anti-avoidance rule relates to schemes involving property investment partnerships. The Government has invited representations on the new Regulations and has said that account will be taken of any representations when drafting the provisions based on the regulations that are to be...
If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.