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23rd September 2013 at 6:23 pm
#704
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The latest from HMRC Stamp Taxes (courtesy of STPG) re such land pooling arrangements is as follows:
?Our advice remains as it was in 2004 ? provided the land is transferred into a bare trust for which the trustees hold the land for those entitles the transaction will not attract SDLT. However, we will be looking at this going forward and may decide to change our policy approach, or our legislation, to clarify the position but until this happens we will stand by our previous advice.?