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The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.
Advisers have been warned to be "very careful" when recommending stamp duty land tax avoidance (SDLT) schemes as some unscrupulous vendors downplay the risks of an HMRC investigation into the activity.
HMRC is preparing to go to court to challenge Stamp Duty tax avoidance schemes that have cost it £35m in lost revenue.
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The British economy needs “a shot of adrenaline” in the form of tax cuts in order to stimulate growth, according to a leading think tank.
A ‘Robin Hood’ tax on financial transactions will hit pensions and UCITS funds hard, the Investment Management Association (IMA) warns.
The Institute for Fiscal Studies (IFS) has proposed extending VAT to nearly all spending – including financial services – following its wide-ranging review into the UK’s tax system.
Stamp duty land tax rules for bulk buyers of residential property are to be reformed, George Osborne has revealed in the Budget 2011.
Gross mortgage lending in November fell to its lowest figure since 2000 at an estimated £11.1bn, according to the CML.
The mortgage industry has broadly welcomed the decision by Chancellor Alistair Darling to increase the Stamp Duty threshold to £250,000 for first time buyers.
The Association of Mortgage Intermediaries (AMI) has called for reform of the UK’s stamp duty system.
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