HMRC tax receipts statistics released this week have shown that the chancellor’s reform of the stamp duty land tax (SDLT) regime is already having an impact on tax receipts, says chartered accountancy firm Blick Rothenberg L
While the much-anticipated decision in Project Blue is unsurprising, the decision raises some points of wider interest, including because HMRC prevailed by using FA 2003 s 75A, the SDLT anti-avoidance rule. Michael Thomas (Gray’s Inn Tax Chambers) reports
In this month’s briefing, Mark Middleditch (Allen & Overy) provides a round-up of recent tax developments affecting the City, including: the decisions in Sir Fraser Morrison (contingent CGT liability for shareholder-director) and Project Blue (SDLT anti-avoidance); new tax relief for corporate rescues; and the Office of Tax Simplification’s report on partnership taxation.
The Scottish Landfill Tax (Qualifying Material) Order, SSI 2015/45, has been laid before the Scottish Parliament and lists the materials that will qualify for the lower rate of Scottish landfill tax from 1 April 2015.
A variety of straightforward commercial lease transactions can fail to qualify for the usual SDLT reliefs merely because the lessor or lessee is acting through a nominee, Simon Yeo (KPMG) explains
SDLT planning and s 75A
Devolution is being undertaken piece-meal and inconsistently, writes Lakshmi Narain
Andrew Levene (BKL) answers a query on the sale of residential property owned by a company.
Chris Sanger (EY) examines the smorgasbord of tax measures announced this week