UK taxman cracks down on property tax avoidance schemes

The UK taxman has collected £301.8 million in unpaid property tax due to what is described as an aggressive clampdown on stamp duty avoidance. HMRC’s new Counter Avoidance Directorate collected the amount in the last year as part of a policy to crackdown on Stamp Duty and Land Tax (SDLT) avoidance schemes. According to private client law firm Collyer Bristow, the data which was provided to them by HMRC, shows that the policy has been a success. The Counter Avoidance Directorate was first esta...