DV3 RS Ltd Partnership v Revenue and Customs Comrs – WLR Daily

Posted July 31st, 2013 in law reports, leases, partnerships, sale of land, stamp duty, tax avoidance by sally

DV3 RS Ltd Partnership v Revenue and Customs Comrs [2013] EWCA Civ 907; [2013] WLR (D) 311

“Where a vendor contracted to sell a chargeable interest to a company and the company made a sub-sale to a partnership (of which the company was a member), both contracts being completed at the same time with sequential transfers, the partnership, as taxpayer, acquired a chargeable interest liable to stamp duty land tax.”

WLR Daily, 25th July 2013

Source: www.iclr.co.uk

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Court of Appeal overturns tax tribunals’ findings in favour of SDLT avoidance scheme – OUT-LAW.com

Posted July 31st, 2013 in appeals, leases, news, partnerships, sale of land, stamp duty, tax avoidance, tribunals by sally

“The Court of Appeal has ruled against a stamp duty land tax (SDLT) avoidance scheme involving the interaction of the sub-sale and partnership rules, overturning earlier decisions by the First Tier and Upper Tax Tribunals.”

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OUT-LAW.com, 30th July 2013

Source: www.out-law.com

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Tax tribunal ruling against SDLT avoidance scheme could ensure payment of £135m tax, says HMRC – OUT-LAW.com

Posted July 17th, 2013 in bills, HM Revenue & Customs, news, stamp duty, tax avoidance, tribunals by sally

“A tax tribunal has ruled against a stamp duty land tax (SDLT) avoidance scheme, under which a property developer used a sub-sale and alternative finance scheme to try to avoid paying the tax on the purchase of the Chelsea Barracks in London.”

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OUT-LAW.com, 16th July 2013

Source: www.out-law.com

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The Pollen Estate Trustee Co Ltd v Revenue and Customs Comrs; King’s College London v Same – WLR Daily

The Pollen Estate Trustee Co Ltd v Revenue and Customs Comrs: King’s College London v Same: [2013] EWCA Civ 753;   [2013] WLR (D)  255

“Where a charity contributed to the purchase of a property, to be held on trust for it and other, non-charitable, contributors in proportion to their contributions, the ‘chargeable interest acquired’ by reference to which stamp duty land tax was to be levied under Part 4 of the Finance Act 2003 was the equitable estate collectively acquired by the beneficiaries under the trust. However, paragraph 1(1) of Schedule 8 to the 2003 Act was to be interpreted as exempting the land transaction from charge to the extent of the charity’s interest.”

WLR Daily. 26th June 2013

Source: www.iclr.co.uk

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Stamp duty land tax sub-sale relief scheme failed because a novation was not a transfer of rights, according to Tribunal – OUT-LAW.com

Posted April 10th, 2013 in contracts, news, stamp duty, tax avoidance, tribunals by sally

A scheme to avoid stamp duty land tax (SDLT) on the purchase of a London house, involving a novation of a contract, failed because SDLT sub-sale relief was only available where there was a transfer of rights and a novation was not a transfer of rights, according to a decision of the First Tier Tax Tribunal.

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OUT-LAW.com, 10th April 2013

Source: www.out-law.com

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Changes to stamp duty land tax sub-sale rules will affect commercial transactions, said expert – OUT-LAW.com

Posted December 12th, 2012 in bills, conveyancing, news, rent, stamp duty, tax avoidance by sally

“Changes to the stamp duty land tax (SDLT) sub-sale rules announced as part of the draft Finance Bill ‘will introduce complexity and uncertainty into commercial transactions’ said John Christian, a property tax expert at Pinsent Masons, the law firm behind Out-law.com.”

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OUT-LAW.com, 11th December 2012

Source: www.out-law.com

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Stamp duty land tax avoidance scheme was effective says the Upper Tribunal – OUT-LAW.com

Posted November 9th, 2012 in leases, news, partnerships, stamp duty, tax avoidance by tracey

“A stamp duty land tax (SDLT) avoidance scheme which involved the interaction of the sub-sale and the partnership rules was effective, according to the Upper Tribunal.”

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OUT-LAW.com, 8th November 2012

Source: www.out-law.com

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New rules require the disclosure of stamp duty land tax schemes relating to properties of any value – OUT-LAW.com

Posted November 2nd, 2012 in disclosure, news, regulations, stamp duty, tax avoidance by sally

“Stamp duty land tax (SDLT) schemes relating to residential or non-residential property of any value must be disclosed to HM Revenue & Customs (HMRC) from 1 November under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, as new regulations come into force.”

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OUT-LAW.com, 2nd November 2012

Source: www.out-law.com

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Mirrlees Review recommends “radical” tax reform – OUT-LAW.com

Posted September 15th, 2011 in income tax, national insurance, news, reports, stamp duty, taxation, VAT by tracey

“Stamp duty on property transactions is ‘inefficient and damaging’ and should be abolished, while VAT should be levied on financial services business and income tax merged with national insurance, an independent report on taxation in the UK has claimed.”

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OUT-LAW.com, 14th September 2011

Source: www.out-law.com

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Treasury faces £5bn bill over European tax ruling – The Guardian”

Posted October 2nd, 2009 in EC law, news, stamp duty by sally

“European court judgment over UK tax on firms that issue new shares abroad could be costly for British government.”

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The Guardian, 1st October 2009

Source: www.guardian.co.uk

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Guardian serves its defence on supermarket chain Tesco – The Guardian

Posted May 19th, 2008 in defamation, news, stamp duty by sally

“The Guardian yesterday made a formal offer of amends to the supermarket chain Tesco over reports which had claimed that the company had set up an elaborate complex of offshore companies to avoid paying up to £1bn of corporation tax on a series of property deals. But the newspaper made it clear that it would strenuously defend a malicious falsehood claim by the company.”

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The Guardian, 17th May 2008

Source: www.guardian.co.uk

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Chancellor Alistair Darling to close loophole in finance deals based on Sharia – The Times

Posted March 5th, 2008 in islamic law, news, stamp duty by sally

“The Chancellor is expected next week to close a loophole in Sharia finance rules that have allowed commercial property investors to avoid paying stamp duty on more than £1 billion of deals, The Times has learnt.”

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The Times, 5th March 2008

Source: www.timesonline.co.uk

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