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The government is looking at whether changes should be made to the way property authorised investment funds (PAIFs) and co-ownership authorised contractual schemes (CoACSs) are treated for stamp duty land tax (SDLT) purposes.
HM Treasury has launched a consultation, Stamp Duty Land Tax: Rules for Property Investment Funds, which sets out proposals and how they ought to be implemented, and seeks views on the potential design.
The government is looking at whether changes should be made to the way property authorised investment funds (PAIFs) and co-ownership authorised contractual schemes (CoACSs) are treated for stamp duty land tax (SDLT) purposes.
HM Treasury has launched a consultation, Stamp Duty Land Tax: Rules for Property Investment Funds, which sets out proposals and how they ought to be implemented, and seeks views on the potential design.
The department’s plan is to introduce seeding relief for PAIFs and discuss whether changes should be made to the way transactions in units are treated for SDLT purposes so that CoACSs are more suitable for investment in property.
Responses should be emailed by 12 September or posted to Enterprise and property tax team, 1 Horse Guards Road, London SW1A 2HQ.
