FTTTx Stamp Duty : Exemptions and Reliefs – STAMP DUTY RESERVE TAX – interpretation of para 7 of Part II of Schedule 19 of the Finance Act 1999 – that there is no charge on the surrender of a unit if the unit holder receives only such part of each description of asset in the trust as is proportionate to, or as nearly as practicable proportionate to, the unit holder’s share – whether this applied to the extent that the surrender was proportionate – whether recourse to Hansard permitted as an aid to interpretation. Appeal dismissed
[2015] UKFTT 505 (TC)
Bailii
England and Wales
Stamp Duty
Updated: 01 November 2021; Ref: scu.556157
