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Mon 10 Feb 2014

JPC Law Stamp Duty Land Tax Update - The Costs of De-Enveloping Transactions

JPC Law Stamp Duty Land Tax Update - The Costs of De-Enveloping Transactions

The Finance Act 2013 introduced an annual tax on enveloped dwellings to dissuade individuals from holding residential property through companies or similar entities.

The implications are 15% Stamp Duty Land Tax is payable on their purchase for residential purchases with a value of over £2M. 

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