Wednesday, July 25, 2012
HMRC has
published a
consultation on options for dealing with stamp duty land tax
avoidance, using 'transfer of rights' rules. According to
HMRC, "we wish to improve the rules to stop sales of SDLT avoidance
schemes that attempt to rely on the transfer of rights rules, but
ensure the rules give appropriate relief where commercially
important." The consultation is now open and closes on 9
October 2012.