Stamp Duty Land Tax Avoidance Schemes

Amend the Stamp Duty Land Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2005 (SI 2005/1868) to extend the descriptions to schemes that concern residential property.

Require disclosure of tax avoidance schemes that seek to avoid stamp duty land tax in relation to residential property with a value of at least £1m or a mixture of residential and non-residential property with a value of at least £5m. The duty to notify does not arise if excluded by the Schedule to SI 2005/1868 or for arrangements entered into before the commencement of these Regulations.

In force :  1 April 2010