Tax: Taxpayer wins right to reclaim overpaid SDLT

The grant of a lease may now be the ‘transfer of a business as a going concern’ for VAT purposes. Jessica Ganagasegaran reports ‘HMRC now accepts that if the transferor of a property letting business retains a small reversionary interest in the property transferred, this will not prevent a TOGC.’ Following the taxpayer’s successful appeal …
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SDLT And VAT: Seeking clarity

Simon Rose reviews the implications of recent attempts at SDLT avoidance In light of the leading anti-avoidance case of Ramsay, a purposive interpretation of the legislation was taken and the clear intention of the scheme was to avoid tax. The recent cases reported below have all provided some much-needed clarity and certainty on a number …
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