Thursday, 14 June 2012

UK: Government consults on General Anti-Abuse Rule (GAAR)

HM Treasury has published for consultation its proposals for a General Anti-Abuse Rule applicable to income tax, corporation tax, capital gains tax, petroleum revenue tax, inheritance tax, stamp duty land tax, and the proposed new tax on ownership of high-value residential properties or dwellings: see here (pdf). The consultation paper also includes draft legislation.

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