Restrictions on availability FA03/SCH7/PARA2(4A)

FA03/SCH7/PARA2(4A) introduced new restrictions on the availability of Stamp Duty Land Tax group relief under FA03/SCH7.

The effect is that group relief is not available where a transaction

is not effected for bona fide (you may also find it useful to look at Section 75A FA 2003SDLTM09050, ) commercial reasons, or,

forms part of arrangements of which the main purpose, or one of the main purposes, is the avoidance of tax

‘Tax’ means income tax, capital gains tax, corporation tax, stamp duty or stamp duty land tax.

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