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25 Mar 2008
Moves to clamp down on the use of companies to buy and sell residential property could be extended to the commercial property market, advisers fear.
The chancellor last week unveiled moves to prevent people using special purpose vehicles to buy and sell properties, cutting the stamp duty payable to just 0.5%, The Telegraph reported.
Simon Hardwick, a partner at law firm Halliwells, said: 'The residential market is tiny, the commercial market is huge. This makes no sense unless they are looking for a model in the residential market that they can move into the commercial market.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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