The additional stamp duty land tax (SDLT) rate of 3% is payable by purchasers of residential properties costing £40,000 or more and if all of the following conditions apply:
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Legislation has been published in draft which will bring a new tax – the Residential Property Developer Tax (RPDT) onto the statute book. The publication of the draft legislation, on which comments were sought, follows a consultation earlier in the year on the design on the tax. Read More
When closing down a company, it may have accumulated monies or assets that need to be distributed to shareholders. If the asset is in the form of cash, then any distributions would typically be as dividends (or possibly additional contributions to a pension scheme).
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