AAT Comment: Property taxes update
Calls for abolition of stamp duty land tax (SDLT) were never likely to be heeded in the autumn budget, given that HMRC collected SDLT of more than £11bn in 2016/17.
AAT did not support abolition, but recommended that liability for the tax be switched to the seller. It argued that allowing people moving up the property ladder to pay SDLT on the lower-priced house that they were selling would improve mobility, helping more people to get on to the ladder for the first time.
AAT did not support abolition, but recommended that liability for the tax be switched to the seller. It argued that allowing people moving up the property ladder to pay SDLT on the lower-priced house that they were selling would improve mobility, helping more people to get on to the ladder for the first time.
Full article.
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 322 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 93 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership