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 is one of the UK’s leading SDLT advisers, having advised on Stamp Duty Land Tax (SDLT) and its predecessor, Stamp Duty, over the past 35 years as a solicitor and as a barrister.
Alongside being a professional Stamp Duty Land Tax adviser, Patrick has authored Tolley’s Stamp Taxes since 1986 and advises on all aspects of the tax and how to ensure compliance with the increasingly complex rules.
His services include reducing liability where legitimate savings are available, dealing with HMRC SDLT enquiries and representing clients in SDLT appeals before the tax tribunals.
Patrick advises on multiple dwellings relief or MDR, mixed residential and non-residential use, 3% additional or higher rates of SDLT, SDLT refunds and reclaims, main residence replacement relief, derelict dwellings, amending SDLT returns, SDLT refunds for mistakes over 12 months old, SDLT exemptions and reliefs, the GAAR in SDLT, section 75A issues, leases and SDLT, SDLT overlap relief, Prudential style purchase and building contracts, company restructuring and reorganisations and stamp duty and SDLT and VAT.
Contact Patrick to ask about advice on all SDLT and stamp duty matters.
Patrick advises on stamp duty group relief and the withdrawal and clawback of group relief, associated companies, demergers, disqualifying arrangements under section 77A, section 641 Companies Act 2006, reconstruction relief and acquisition relief, acquisitions by charities and seeding reliefs for PAIFs and COACs.
Patrick advises on the meaning of “residential property” including mixed-use cases and whether a dwelling can be regarded as derelict and as such non-residential property and also on the HMRC’s approach to the meaning of “dwelling” and when annexes are to be regarded as separate dwellings for MDR.
Patrick offers advice and guidance on the SDLT aspects of property development projects and refinancing property and buy to let portfolios plus advice on VAT and the income tax, corporation tax and capital gains tax treatment of such projects. Tax issues around land pooling and the separation of property joint ventures and property partnerships and LLPs, SDLT on the transfer of property subject to a mortgage, exchanges of properties and transferring a property to a company is also available.
Patrick Cannon is a leading London tax barrister representing clients being investigated by HMRC for civil tax enquiries and criminal tax investigations or who are facing accelerated payment notices or follower notices or penalties for a failure to correct.
Patrick can help you with COP 8 and 9 enquiries, challenging tax information notices and undertaking tax judicial reviews. Patrick can also provide advice and assistance, or legal representation if HMRC have opened a tax investigation into your tax affairs or are claiming that the GAAR applies or are seeking penalties.
Patrick specialises in criminal and civil tax investigations. If a civil tax enquiry by HMRC grows into a criminal tax investigation, then Patrick Cannon will be able to handle this transition.
Contact Patrick Cannon now if you need advice from a barrister on SDLT or stamp duty.