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SDLT and Leases

 
Paul Clark Consultant at Cripps Harries Hall LLP writes on SDLT and leases
 
'The objectives of a charge on the grant of new leases should be to:
 
●     correspond more closely to a stamp duty charge on a transfer of similar value thus ensuring greater fairness between lessees and purchasers
 
●     better reflect modern commercial practices and
 
●     ensure that stamp duty on the sale or conveyance of property is not avoided merely by the creation and transfer of a lease.'
 
(Modernising Stamp Duty Inland Revenue 2002)
Introduction
 
In 35 years as a commercial...

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