Stamp Duty Land Tax

An Update for Property Advisors


BDO London, London

Tuesday 5th October 2010Registration Time 13:00, Start 13:30, Finish 17:00.Up to 4 hrs CPD
Full Price £140.00 + VATWeb Price: Discounts are available with Promotional code

599/00
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Virtually all UK property acquisitions are subject to Stamp Duty Land Tax (SDLT), as are leases, rent reviews and renewals.  Failure to understand the rules, and the planning opportunities, can result in hefty tax bills for clients. The best time to minimise these tax liabilities is well before the transaction takes place; and best practice demands that surveyors and agents make themselves aware of such matters at an early juncture to minimise the risk of such transactions collapsing or being renegotiated when the tax implications are known.

This programme is designed to provide a valuable practical insight into the Stamp Duty Land Tax rules, how SDLT liabilities arise and can be managed during property transactions. It won’t try to make property advisors tax experts.

The conference is a half day (PM) programme.

By attending the conference, delegates will understand:

• How the tax works
• The tax rates applicable to various transactions
• HMRC powers to impose and collect the tax, anti avoidance powers.
• Best practise in structuring deals and clients’ affairs
• Examples
• Q&A session

The speakers will talk about leases, rent reviews, lease renewals, rent free periods, structuring deals, and the impact these deals will have on SDLT.  The programme is an essential review of how to do deals in relation to SDLT and is a must for all commercial property advisors.  As well as a valuable briefing for lawyers and accountants the speakers will cover the practical ways deals are done.

Programme:

Overview of SDLT
What is SDLT payable on?
• Tax rates
• Residential
• Commercial
• Leases
• SPVs
• SDLT problem areas
• Goodwill
• Valuation aspects of SDLT

SDLT reliefs
• Sub-sale
• Sale and lease-back
• Intra-group transactions
• Reorganisations
• Charities
• Registered Social landlords
• Alternative finance
• Exchanges & partitions
• Part-exchanges
• No consideration
• Divorce

Leases
• Calculation
• Additional returns
• Turnover rents
• Abnormal rents
• Lease variations

SDLT Planning
• Use of SPVs
• Partnerships
• HMRC powers and avoidance
• Section 75A