HMRC loses SDLT sub-sale tribunal

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HMRC has lost an appeal over stamp-duty land tax (SDLT) on the sale of the old Dickens and Jones department store in Regent Street, central London.

When the store was sold in 2006 the sub-sale to a corporation partnership meant that £2.6m of SDLT that might have been payable on the transaction was not, according to an earlier decision by the first-tier tribunal.

The upper tier tribunal (The Commissioners for HMRC and DV3 RS Limited Partnership, UKUT 399, TCC) agreed with the first-tier tribunal.

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03rd Dec 2012 15:19

HMRC loses SDLT sub-sale tribunal

Nice waste of money HMRC.

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