Project Blue Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber)
Getting to grips with new stamp duty land tax rules for residential property
Advantages and disadvantages of selling a property to a company
| Property price (£) | Rate (%) |
| 0-125,000 | 0 |
| 125,001-250,000 | 2 |
| 250,001-925,000 | 5 |
| 925,001-1,500,000 | 10 |
| Over 1,500,000 | 12 |
Beware the ramifications of property transactions between connected parties
R and A Heler (TC4014)
The rates for Scotland’s land and buildings transaction tax (LBTT) have been announced.
Details of the tax – the first to be introduced by Scottish parliament in 300 years – were unveiled in Scotland’s draft Budget for 2015/16.
The government is looking at whether changes should be made to the way property authorised investment funds (PAIFs) and co-ownership authorised contractual schemes (CoACSs) are treated for stamp duty land tax (SDLT) purposes.
HM Treasury has launched a consultation, Stamp Duty Land Tax: Rules for Property Investment Funds, which sets out proposals and how they ought to be implemented, and seeks views on the potential design.
Looking ahead to Scotland’s land and buildings transaction tax
Portland Gas Storage Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber)
Explaining the 15% SDLT charge now the property threshold is down to £500,000
Mr and Mrs B (TC3395)
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