Understanding Stamp Duty on Property

Stamp duty is undergoing a period of radical change. Since the early 1990s there have been a number of significant developments that have changed the role and responsibilities of conveyancers. Additionally a "modernized" stamp duty regime based on the existing law is due to come into force in 2004. To understand and prepare for these changes, and to advise their clients effectively, solicitors will require a thorough knowledge of both the existing and the new law. This text is an updated and expanded edition of the practitioner title, "Stamp Duty for Conveyancers" (FT Law and Tax). The seventh edition has been entirely restructured to concentrate on land and property transactions and the needs of advisers. It is clearly structured to explain this complex tax in easy-to-follow terms, and includes: highlighted passages explaining where modernization is likely to have an impact; a chapter outlining the anticipated new provisions; examples from everyday practice; advice on how to avoid common pitfalls; drafting and structuring techniques; materials from the Inland Revenue; and discussions of the changes in relation to conveyancers' duties pointing out risk areas.