Subjects:

Conveyancing, Taxation, Tax Reference Annuals

Contents:

An Overview

Land Transactions and Chargeable Interests

Chargeable Transactions

Payment of Tax - Calculation and Liability

Chargeable Consideration

Leases

General Reliefs

The Corporate Reliefs

Compliance: the Land Transaction Return and the Disclosure Regime

Administration

Partnerships

Trusts and Deceased Estates

Some Special Types of Taxpayer

Regulatory Powers

Transitional Provisions

When the first edition of Hutton & McKie: Stamp Duty Land Tax was published in 2003 few could have foreseen the complex way in which the new regime would develop. The practical and technical difficulties in applying the legislation and the differences of opinion between the accounting and legal professions on the one hand and HMRC on the other have produced an area of taxation which is riddled with pitfalls for those who are not up-to-date with the latest guidance and interpretation.

Designed to guide the reader through these pitfalls, the new edition also enables the practitioner to identify areas of opportunity for the client, providing practical guidance on best practice in compliance and tax planning.

Fully updated to include changes introduced by the Finance Act 2006, the new edition provides coverage on:

• relieving provisions for partnerships
• reforms of the SDLT treatment of leases
• confirmation that acquisitions of property by sub-funds of a settlement
• the repeal of special treatment for unit trusts
• the extension of SDLT reliefs for alternative financing transactions
• the April 12 2006 Statutory Instrument removing from the scope of chargeable consideration certain transactions involving beneficiaries of Wills and trusts and agricultural leases.
• coverage of HMRC's Stamp Taxes publications issued over the last year
• a discussion of various points of practice and HMRC's Stamp Taxes Interpretations