This title provides a detailed overview and history of all types of UK stamp taxes. Covering Stamp Duty Land Tax, Stamp Duty, and Stamp Duty Reverse Tax, the book looks at scope and calculation, exemptions and reliefs, procedure and administration, and appeals and disputes. It also looks at planning considerations and likely pitfalls in common transactions. Practical and user-friendly, it will be an invaluable asset for tax practitioners, lawyers, accountants, and in-house tax departments in the UK. Contents include - 1) Stamp Duty Land Tax: introduction * scope and calculation - cases not involving grant or variation of lease * scope and calculation - grant or variation of a lease * reliefs and exemptions * statutory exemptions * reliefs * partnerships - special regime * procedure, payment, and compliance * anti-avoidance provisions * interpretation and application of the rules * appeals and disputes 2) Stamp Duty: introduction * scope - documents * voluntary nature * calculation * exemptions and reliefs * procedure and administration 3) Stamp Duty Reserve Tax * introduction * overlap with stamp duty and interaction * scope * calculation * exemptions and reliefs * special regime for unit trusts * procedure and administration 4) Common transactions - planning and pitfalls
This title provides a detailed overview and history of all types of UK stamp taxes. Covering Stamp Duty Land Tax, Stamp Duty, and Stamp Duty Reverse Tax, the book looks at scope and calculation, exemptions and reliefs, procedure and administration, and appeals and disputes. It also looks at planning considerations and likely pitfalls in common transactions. Practical and user-friendly, it will be an invaluable asset for tax practitioners, lawyers, accountants, and in-house tax departments in the UK. Contents include - 1) Stamp Duty Land Tax: introduction * scope and calculation - cases not involving grant or variation of lease * scope and calculation - grant or variation of a lease * reliefs and exemptions * statutory exemptions * reliefs * partnerships - special regime * procedure, payment, and compliance * anti-avoidance provisions * interpretation and application of the rules * appeals and disputes 2) Stamp Duty: introduction * scope - documents * voluntary nature * calculation * exemptions and reliefs * procedure and administration 3) Stamp Duty Reserve Tax * introduction * overlap with stamp duty and interaction * scope * calculation * exemptions and reliefs * special regime for unit trusts * procedure and administration 4) Common transactions - planning and pitfalls