SDLT GROUP RELIEF
A parent company with a 100% subsidiary is planning to purchase bare land from its wholly owned subsidiary with a view to eventually transferring the land as a distribution in specie to its shareholders; these consist of another company which has 60% of the shares of the parent, and an un-connected individual for whom we do not act. What are the Stamp Duty Land Tax (SDLT) and Corporation Tax implications for the transactions between the three companies involved?
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