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SDLT and VAT

Stamp Duty Land Tax

Reg Nock, Barrister, Tax Chambers, 15 Old Square

Stamp Duty Land Tax replaced stamp duty in 2003. Many transactions, not previously subject to stamp duty, are now chargeable under a complex regime, supported by a whole range of penalties including criminal sanctions involving imprisonment and/or heavy fines for errors in completing the required returns and breaches of the requirements for record keeping.

All property and tax professionals will need to know the answers to the following questions:
  • How does a taxpayer claim a relief or an exemption?
  • When can the Revenue enquire into a transaction, and under what circumstances can they re-open a transaction after 21 years?
  • What are the many penalties and sanctions for not filing a correct return on time or not producing the correct self-assessment?
  • Are there any differences between residential and commercial conveyancing in relation to stamp duty?
  • What has happened to subsale relief and resting on contract?
  • What is the new regime for tax on rents, and why does it increase the tax on seven year leases by a factor of 5?
Reg Nock, the author of Stamp Duty Land Tax, is a leading authority on stamp duty in the UK. This indispensable guide will provide practitioners with a practical analysis of the forthcoming changes to stamp duty land tax regime.

REVIEWS
"indispensable"
Managing Risk

"a very useful guide"
Solicitors Journal

Price: £65.00
Published: March 2007
Edition: 2nd
Format: Papercover
ISBN: 978 1 84661 057 8
Publisher: Jordan Publishing


Understanding VAT on Property

David Jordan

The second edition of this authoritative book provides a clear guide to the legislation relating to VAT, explaining how it applies to every type of property development and transaction. Contents:
  • General principles.
  • Commercial property
  • Residential property
  • Construction services
  • Charitable use property
  • Listed and other protected buildings
  • Business sectors
Price: £44.95
Published: July 2006
Format: Paperback
ISBN: 1 85328 994 9

Publisher: The Law Society


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