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Stamp Duty Land Tax

A Practical Guide For Lawyers

by Philip Freedman

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Available editions of Stamp Duty Land Tax

	9781904905240, Paperback, Spiramus Pr, 2007 $143.97 (New) Other copies of 9781904905240

Customer Reviews

on Jan 1 2009, PhillipTaylorMBE said:

"A PRACTICAL APPROACH TO THE SDLT REGIME Stamp duty clearly remains a controversial issue- another form of tax which many see as unfair, unnecessary and a stealth mechanism by the government to take even more of our money; this time on UK land transactions. It is also perceived to be boring area of law best left to the professionals so this guide alleviates the tedium. Humphrey & Freedman dispel the latter very well (but never the former!) with a neatly structured format which is easy to read and handle although I would like a more substantial index. The book provides a comprehensive and practical analysis of stamp duty land tax (SDLT), how it works, how it operates, and the changes introduced in the Finance Act 2007. The authors explain how to use this book with a useful introduction explaining how it is divided into six sections written in the form of a report style with paragraphs and sub paragraphs. The six parts will help you, as the practitioner, starting with an explanation of the law and applying it to specific transactions. The parts cover an overview; the SDLT regime in detail; the SDLT process; SDLT by transaction; an SDLT glossary; and SDLT forms. In the four years of its current �life�, over �10 billion a year has been collected on a self-assessed basis whilst the Revenue have familiarized themselves with the tax�s operation amid legislative tinkering and change. THE SIX PARTS 1. An introduction to SDLT, giving an overview of how the tax works, and what the main changes have been since its introduction. 2. A detailed analysis of the legislation and regulations which set out the scope, calculation and administration of the tax. It explains the reliefs available, and the anti-avoidance measures in place with some practical examples. 3. The practical mechanics of completing the forms and calculating the tax charge including the online system. 4. An illustration of how SDLT works with examples covering straightforward purchases of a freehold to more complex tenancies. 5. A glossary of the key terms. 6. The main forms but without the Revenue�s guidance notes which are now regularly updated online. NEW ADDITIONS FOR THIS EDITION In view of the continuing changes to the system, the authors advise readers to make regular reference to the Revenue�s website for updates and have included the following in this edition: � an introduction to the full online submission process, or �e-filing�, which makes this work very attractive to both lawyers and those dealing with property transactions; � the removal of the requirement to make a payment at the same time as the submission of the SDLT return; � an update of the land transaction form and current guidance notes; � a simplification of the measures to remove certain transactions from the scope of the SDLT, and a clarification of how the SDLP is applied; � the new rules to deal with the transfer of land into and out of partnerships; and � an introduction of a range of anti-avoidance measures which prevents an exploitation of the rules. Spiramus Press provides both practical and professional books for professionals in tax, accountancy, finance and law in relation to the running of a business and they succeed here with Humphrey & Freedman�s SDLT guide. It is sorely need at a time of high taxation where the complexities of the Revenue appear to have no bounds. Be careful though, for this work may have to come out annually with the ways things are going with the Finance Acts and the penchant of the government for regular mini-budgets! "

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