First the government targeted
higher rate SDLT avoidance, now it wants to stamp out intricate property
enveloping, says Jaimie Kaffash
With all the controversy over the cut in the 50p tax rate, the
charity tax and the pasty tax, it might be forgotten that much of
the run-up to this year’s Budget focused on the avoidance of
stamp duty land tax. A drip-feed of stories suggested that high net
worth individuals were avoiding the charge by ‘enveloping’
their properties – using companies to buy expensive residential
properties.
The
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