HM Revenue & Customs has won a key court case defeating a widely-marketed stamp duty dodge scheme to avoid land tax.
The decision, subject to any appeal, could save more than £170million for the UK Exchequer.
Regulations have also been laid that will force users of a wider range of stamp duty land tax (SDLT) avoidance schemes to disclose them to HMRC.
The new rules will give HMRC much better access to information about these avoidance schemes and those who promote and use them. They can then be challenged and closed down more quickly.
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