Budget 2007

Introduction

Personal Income Tax

National Insurance Contributions

Employees

Savings & Investments

Trusts

Capital Gains Tax

Stamp Duty Land Tax

Inheritance Tax

Corporation Tax

Business Tax

Value Added Tax

Other Measures

Tax Tables

National Insurance


Stamp Duty Land Tax

The most striking change to SDLT is a new exemption, to apply from 1 October 2007 to 30 September 2012, for the first purchase of a newly-built, "zero carbon" accountants costing up to £500,000. This relief does not apply on subsequent sales.

Further changes include:

  • the value of properties exchanged between connected persons will no longer be aggregated in deciding whether the higher rates of SDLT apply;

  • the general anti-avoidance rule announced for SDLT in the December Pre-Budget Report is put on a permanent statutory footing.

 


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