Understanding VAT and SDLT in property deals
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Understanding VAT and SDLT in property deals
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Dominic Carter and Gillian McGill discuss the complexities of taxation for property purchases, focusing on VAT implications, stamp duty land tax (SDLT), and the annual tax on enveloped dwellings (ATED). They emphasise the importance of understanding the nature of property acquisitions, the differences between commercial and residential properties, and the tax implications of corporate versus individual ownership.
They also highlight changes in SDLT and the necessity of seeking professional advice to navigate the intricate tax landscape.
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This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.