Tag Archives: SDLT

Higher Stamp Duty on Extra Residential Properties

The government are introducing an across the board extra 3% of stamp duty land tax (SDLT) on people buying a second or extra residential property. Companies will be targeted as well to stop avoidance. HMRC this week published a consultation … Continue reading

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Headline Taxes vs. Stealth Taxes

Figures from HMRC show that for the 10 years 2004-15 to 2014-15 while headline PAYE income tax receipts went up from £108.7bil to £138.9 bil there was a much bigger rise in less obvious, one-off or stealth taxes. National insurance … Continue reading

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Solicitor Fine by Regulator for Not Disclosing Use of SDLT Tax Avoidance Scheme

The Solicitors Regulation Authority (SRA) has rebuked a solicitor in Gwent for acting for clients using a Stamp Duty Land Tax (SDLT) tax avoidance scheme. It was found, by agreement with the solicitor, that they had not disclosed to lender … Continue reading

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New Scottish Land & Buildings Transaction Tax (LBTT) Rates Announced

The Scottish government has announced new rates for its Land & Buildings Transactions Tax (LBTT), similar to Stamp Duty Land Tax (SDLT). As with the recent changes made to SDLT (ending the old “slab” approach) Scottish SDLT is charged on … Continue reading

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Firm of Solicitors Fined for Using Tax Schemes Where There Was a Conflict of Interest

Following an inspection the Solicitors Regulatory Authority (SRA) it has fined a London firm of solicitors for a conflict of interest involving using tax avoidance schemes. In an agreed decision the SRA found that the firm of solicitors carried out … Continue reading

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