STAMP DUTY LAND TAX ON PARTNERSHIP TRANSACTIONS

Title: "Stamp Duty Land Tax on Partnership Transactions"

Speaker: Matthew Hutton,Chartered Tax Adviser

Level: Intermediate/Advanced/Updating

New Date!
Thursday June 16th

6-7pm

Content

High on the list of ‘hot topics’ currently grabbing the attention of private client solicitors is that of Stamp Duty Land Tax (SDLT) in general and its implications for partnership transactions in particular. This follows the introduction with effect from 23 July 2004 of specific rules relating to:

• the transfer of land into a partnership
• the transfer of an interest in a partnership holding land; and
• the transfer of land out of a partnership

For one reason in particular the application of the rules can produce unexpected SDLT liabilities (and compliance obligations): this is the fact that (counter intuitively) a share in a partnership is measured not by capital but by income sharing ratios. This can give rise to dire results, especially where (as is not uncommon) there is a mismatch within a given partnership between income and capital sharing ratios.

Further, attitudes at the Stamp Office to the application of FA 2003 Sch 15 part 3 are far from clear – and there is large disagreement between the professions and the Stamp Office on the application of the rules. For example, the Stamp Office are currently saying that land owned by a partner (not by the partnership) but used by the partnership business is ‘partnership property’ for SDLT purposes. This can have extraordinary results.

Matthew Hutton

Matthew Hutton is a non-practising solicitor and chartered tax adviser who now devotes all his professional time to lecturing and writing on taxation. He is well placed to deliver this lecture, as the co-author of Hutton & Anstey on Stamp Duty Land Tax and a council member of the Stamp Taxes Practitioners Group.

1 hour

1 hour

1 hour

New Practitioners/Established Practitioners Programme

(Other CPD activity courses)

LIVE LECTURE

• Attend the live lecture on your computer
• Includes emailed notes and Power Point slides

INDIVIDUAL'S Price

£55 (or £50 for early booking until midnight Monday May 9th 2005)

Course Code: MHMay11

FIRM'S Price

£100 for ANY number of delegates on ONE computer or projected onto a screen)

Course Code: MHMay11

RECORDINGS

If you cannot attend the live lecture why not book the recorded version only?

CD PACK

• Includes CD, printed notes, printed Power Point slides
• Useful booklet to help you get the most out of your recording
• Price: £57.50 inclusive of p&p
• Course Code: MHMay11CD

NOTES ONLY

• Includes printed notes, printed Power Point slides
• Price: £30 inclusive of p&p
• Course Code: MHMay11Notes

BOOKING

For details on how to book click here.

or use our BOOKING FORM

Cheques should be made payable to "CPD4Lawyers" (no VAT payable)