So-called ‘Seeding Relief' from Stamp Duty has been withdrawn under the Budget proposals issued this afternoon.
Documents released by HM Revenue & Customs state that as of 2pm today: “There will now be a stamp duty land tax charge on the transfer of property into a unit trust in consideration of the issue of units,...
Brings in recurring revenue of £700,000
27,000 ‘affordable new homes’ to London
795 in Croydon
Movement could liquefy market
BOE cut base rate to 0.25%
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down