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Could property tax grab hit other asset classes

Posted on 02 April 2012

The government’s introduction of 15% stamp duty on residential property owned through companies in this year’s Budget is raising fears that other asset classes and investment structures will come under attack.
Wealth managers fear it is a sign of the times, preceding the announcement of a general anti-abuse rule (Gaar), which will be the subject of a consultation this summer, based on the Aaronson report. The government will also establish an advisory panel and develop guidance, according to the Budget………………………………………..Full Article: Source


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