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


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

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.

Full story, 10th April 2013


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

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”

Full story, 11th December 2012


Stamp duty land tax avoidance scheme was effective says the Upper Tribunal –

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.”

Full story, 8th November 2012


New rules require the disclosure of stamp duty land tax schemes relating to properties of any value –

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.”

Full story, 2nd November 2012


Mirrlees Review recommends “radical” tax reform –

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.”

Full story, 14th September 2011


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.”

Full story

The Guardian, 1st October 2009


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.”

Full story

The Guardian, 17th May 2008


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.”

Full story

The Times, 5th March 2008