PBR 2007: Stamp duty: All about simplification

Share this content

Correcting over zealous anti-avoidance rules for investment partnerships

Parliament could have stopped this particular problem when FA 2007 was at the debating stage, if there had been any time for any meaningful debate. Happily for all concerned the Treasury listened to the pleas of property investment partnerships and has amended anti-avoidance rules which were brought in last year and accidentally created a tax charge when an interest in property was transferred between partners.

The measure is retrospective and applies to transactions that occurred on or after 19 July 2007.

Ad valorem stock transfers

Ad valorem stamp duty on stock transfers where consideration is 1,000 or less is to be exempted on or after Budget Day 2008. The duty is normally calculated at 0.5% of the...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.