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Article: Stamp duty on UK land and buildings.
- Article from:
- M2 Presswire
- Article date:
- April 18, 2002
CopyrightCOPYRIGHT 2002 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-18 April 2002-UK Government: Stamp duty on UK land and buildings (C)1994-2002 M2 COMMUNICATIONS LTD
RDATE:17042002
The Chancellor today announced a package of measures to tackle current avoidance of stamp duty on commercial property transactions and launched major reform to modernise stamp duty on land and buildings in the UK.
Tackling avoidance Legislation will be included in Finance Bill 2002 to discourage a range of techniques currently used to avoid stamp duty on high-value property deals. Left unchecked, this activity represents a major threat to the Exchequer. The Government is therefore determined to take steps to ensure ...