These figures, revealed to the FT by Liberal Democrat Treasuryspokesman Mathew Taylor, show that from 1996 to 2001, the number ofproperties being sold for between £240,000 and £249,999 – just below themaximum threshold – climbed dramatically from 2,007 to 15,611.
Taylor is leading a call from the LibDems for an end to stamp duty. Hetold the FT: ‘The evidence is absolutely clear that the ludicrousstructure of stamp duty is creating massive tax evasion.’
Under stamp duty laws properties that are sold for between £250,000 and £500,000 are charged a 3% levy on the sale price.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy