'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.'
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'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.'
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: