Since the introduction of Stamp Duty Land Tax in 2003, the legal framework has been amended numerous times to deal with ongoing practical problems that have arisen. The result is a regime that is complex and fraught with technical difficulties. The author, one of the country’s leading authorities on the subject, guides the reader through every aspect of this tax regime, offering valuable technical and practical advice throughout.

This third edition has been fully updated to take on board developments in the Finance Act 2009; major changes in the fixed stamp duties for land transactions in the Finance Act 2008; the new compliance regime; changes to record keeping, payment and electronic filing and partnerships; an expansion on general antiavoidance provisions and an examination of problems on land and goodwill.

In addition many technical problems have lain dormant because the situations could not occur until now such as rent reviews after 5 years, changes in the rate of VAT or holding over of leases subject to the tax. These are now becoming live and expensive issues and because of the changes in the law previous advice may be incorrect. Such current topics as rent reviews, holding over, clawbacks and deterred consideration where the retrospective reviews of earlier returns are required and the related practical problems including possible tax refund claims are dealt with in depth.

Reg Nock, Barrister, Tax Chambers, 15 Old Square

• Stamp Taxes - The General Structure
• Stamp Duty Land Tax - General Principles and Basic Issues
• The Charge to Stamp Duty Land Tax
• Chargeable Interests
• Computation
• Subsales, Assignments and Similar Arrangements - Including Leases
• Leases
• Building Agreements
• Trusts and Estates
• Residential Matters
• Exemptions and Reliefs - General
• Exemptions - Corporate Reorganisations and Intra-group Transactions
• Partnerships
• Tax Event
• The Taxpayer
• Liability and Payment
• Notifiable Transactions and Land Transaction Tax Returns
• Non-notifiable Transactions
• HMRC Stamp Taxes Enquiries
• Records
• Information Powers
• Registration Issues
• Assessments
• Appeals and Referrals of Questions
• Administration
• Drafting and Structuring
• Valuation and Related Issues 

Appendices

• Finance Act 2003
• Stamp Duty Land Tax (Administration) Regulations 2003

"indispensable"
Managing Risk

"a very useful guide"
Solicitors Journal

"a tour de force of a publication. It examines every aspect from virtually every perspective and the author is to be congratulated on the comprehensive and authoritative - yet accessible - manner in which he has presented exceptionally complicated material ... no practitioner whose caseload is touched by stamp duty land tax should be without this book"
HSBC Risk Briefing (WEB4LAW)