Stamp Duty Land Tax 3rd edition

Author: Reg Nock
Publisher: LexisNexis U.K.
ISBN: 9781846611834
Published In: January 2010
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author
Reviews

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The author, one of the country’s leading authorities on the subject, guides the reader through every aspect of this tax regime, offering valuable advice throughout.

Since the introduction of Stamp Duty Land Tax in 2003, the legal framework has been amended numerous times to deal with ongoing practical problems that have arisen. The result is a regime that is complex and fraught with technical difficulties. The author, one of the country’s leading authorities on the subject, guides the reader through every aspect of this tax regime, offering valuable technical and practical advice throughout.

This third edition has been fully updated to take on board developments in the Finance Act 2009; major changes in the fixed stamp duties for land transactions in the Finance Act 2008; the new compliance regime; changes to record keeping, payment and electronic filing and partnerships; an expansion on general antiavoidance provisions and an examination of problems on land and goodwill.

In addition many technical problems have lain dormant because the situations could not occur until now such as rent reviews after 5 years, changes in the rate of VAT or holding over of leases subject to the tax. These are now becoming live and expensive issues and because of the changes in the law previous advice may be incorrect. Such current topics as rent reviews, holding over, clawbacks and deterred consideration where the retrospective reviews of earlier returns are required and the related practical problems including possible tax refund claims are dealt with in depth.

Stamp Taxes - The General Structure
Stamp Duty Land Tax - General Principles and Basic Issues
The Charge to Stamp Duty Land Tax
Chargeable Interests
Computation
Subsales, Assignments and Similar Arrangements - Including Leases
Leases
Building Agreements
Trusts and Estates
Residential Matters
Exemptions and Reliefs - General
Exemptions - Corporate Reorganisations and Intra-group Transactions
Partnerships
Tax Event
The Taxpayer
Liability and Payment
Notifiable Transactions and Land Transaction Tax Returns
Non-notifiable Transactions
HMRC Stamp Taxes Enquiries
Records
Information Powers
Registration Issues
Assessments
Appeals and Referrals of Questions
Administration
Drafting and Structuring
Valuation and Related Issues

Appendices

Finance Act 2003
Stamp Duty Land Tax (Administration) Regulations 2003

Reg Nock, Barrister, Tax Chambers, 15 Old Square

"indispensable"
Managing Risk

"a very useful guide"
Solicitors Journal

"a tour de force of a publication. It examines every aspect from virtually every perspective and the author is to be congratulated on the comprehensive and authoritative - yet accessible - manner in which he has presented exceptionally complicated material ... no practitioner whose caseload is touched by stamp duty land tax should be without this book"
HSBC Risk Briefing (WEB4LAW)