Finance Bill 2013 Clause 174 and Schedule 34 - CIOT comments and HMRC response

6 Jul 2017

Following the Silk Commission‚ s recommendation to devolve SDLT to Wales, HM Treasury consulted on the potential impacts, in particular to understand:

the potential impacts on the construction industry and the property market (including the housing market) given the populous border between Wales and England; the likely impact on investment and business location decisions that might result from different property transaction tax regimes in England and Wales; and the administrative burdens on companies and the conveyancing profession from having to comply with potentially different property transaction tax regimes and deal with different collection authorities in England and Wales.

CIOT comments and the relevant condoc are available below in Adobe (PDF) format.

Technical Team 5 September 2013