Beware of 'hidden' stamp duty charges

Article Abstract:

Commercial property developers need to be aware of the possible tax implications which could be incurred when purchasing land from a local authority or previous developer. Stamp duty could have a dramatic impact on overall development costs, therefore it is essentially to fully investigate charges before any paperwork is signed. Stamp duty charges can be avoided if land purchased has an existing development covenant.

Real property tax, Real property taxes

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Heavy duty on property

Article Abstract:

Issues are presented concerning the taxation burden which is carried by the real estate industry. The effect which the increase of top rate stamp duty to 4% has had on the purchase of brownfield sites is discussed.

Industrial sites, Taxation, Influence, Real estate industry

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Evil and pernicious demand

Article Abstract:

Issues concerning the penal rates charged for stamp duty are presented. The powers given to the Inland Revenue by the Finance Bill for the investigation of suspected fraud are discussed.

Column, Revenue

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