Disclosure Headache

[Sharron Carle]

It seems that the Revenue’s paranoia about “tax avoiders” is going to cause yet another administrative nightmare

for advisers through their “deliberate” decision not to include filters in the disclosure requirements for SDLT

saving methods.

It seems that if a practitioner advises a client to structure a commercial property transaction as a TOGC (thus

saving the additional SDLT) – this would be reportable as a benefit of the planning!

[Patrick Cannon]

Yes that must be correct. What about advising clients to hold properties within companies for the SDLT benefit to a

purchaser? I think this is reportable too.

[Author]

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