Stamp duties

Stamp duty

Transfers of shares or securities in UK companies that currently attract stamp duty not exceeding £5 (whether fixed or ad valorem) will be exempt from stamp duty from Budget Day 2008 and need not be presented for stamping.

Stamp duty land tax

Transactions involving residential and non-residential property where the chargeable consideration is less than £40,000, will not have to be notified to HMRC from Budget Day 2008.

Leases will have to be notified where the lease term is seven years or more, the chargeable consideration exceeds £40,000 and the annual rent is more than £1,000.

Contents

	Introduction

	Inheritance tax

	Capital gains tax

	Residence and domicile

	Income tax

	Business taxation

	VAT

	Stamp duties

	Pensions

	Anti-avoidance

This guide is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking action on the basis of the contents of this publication. The guide represents our understanding of the law and HM Revenue & Customs practice as at October 2007, which are subject to change. These proposals may be changed in the Spring 2008 Budget and subsequent legislation.