HW provide a number of management information services, ranging from giving you advice on your bookkeeping,
installing computerised accounting systems, or preparing regular management accounts and reports for your business.
Important changes to Stamp Duty came into force on 1 December 2003, and will affect many property owners. The new tax is called 'Stamp Duty Land Tax', and follows the Revenue's consultation on 'Modernising Stamp Duty on Land and Buildings in the UK'.
With this, comes three separate taxes which the Government sees as an expansion of the charges previously imposed on land, shares and securities:
SDLT on transactions involving land and buildings
Stamp Duty on documents transferring shares and marketable securities
Stamp Duty Reserve Tax (SDRT) on transactions in shares
The new rules involve a considerable change from previous legislation, including the compulsory completion of a land transaction return, and the stringent time limits for doing so, together with amendments such as 'Effective Dates' and 'Notifiable Transactions'.
It is important that you discuss your situation with your accountant when considering purchasing or selling anything that may attract Stamp Duty.
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