Stamp duty land tax - Michael Thomas

Stamp Duty on land and buildings now raises more revenue in the UK than inheritance tax and capital gains tax put together. The law on stamp duty, based on the Stamp Act of 1891, has being thoroughly overhauled with a new law, Stamp Duty Land Tax (SDLT). The new law fundamentally changes the nature of the tax. Stamp Duty Land Tax provides a detailed overview of SDLT and makes a comparison with the old stamp duty provisions, highlighting all the major substantive changes introduced on land transactions coming into force on 1 December 2003. It gives a detailed discussion of the legislation and puts forward suggested interpretation and planning opportunities. The author, Michael Thomas, is a barrister at Gray's Inn Tax Chambers. KPMG Stamp Taxes Group has contributed planning aspects to the text, and David Goy QC is Consultant Editor. This combination of expertise has resulted in an unrivalled publication, appealing to property lawyers, solicitors, conveyancers, surveyors and tax accountants.