Do You Pay Stamp Duty on a Commercial Lease?
SDLT on commercial leases can be very complex. Many tenants are unaware that Stamp Duty Land tax is payable on commercial leases – and may be...
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Patrick Cannon will chair and speak at this IBC Conference in London on 24th June, 2014.
HMRC’s relentless focus on tax avoidance means that advisers need to be more alert than ever when advising clients even on “normal” transactions whenever an element of tax saving is present.
From FA 2014 anyone involved in a transaction that contains a tax advantage is potentially a “promoter” and if one or more conditions are triggered could be issued with a “conduct notice” laying down stringent behavioural requirements and potentially leading to designation as a “high risk promoter”.
FA 2014 will also introduce a retrospective tax return amendment and accelerated tax payment procedure for open enquires and pending appeals against closure notices where HMRC have decided that there is a “relevant” judgment that is “final”, with very limited rights of appeal.
Accelerated tax payments will also be required retrospectively for transactions disclosed under DOTAS and those being challenged under the GAAR.
Hear a range of tax specialists and learn about these new rules in depth and what action you may need to take.
View the full conference programme here