PNelson

Supreme Court slaps £50m SDLT bill on Chelsea Barracks sale

Blog Post created by PNelson on 13-Jun-2018

A company owned by the Qatar government has been left facing a potential £50m stamp duty land tax bill following a Supreme Court ruling over the £1.25bn sale of the former Chelsea Barracks in 2008.  The Supreme Court has ruled that SDLT is due, at the higher level of £50m, as argued by HM Revenue & Customs, though that figure does remain subject to separate challenge by Project Blue Ltd under s80 of the Finance Act 2003 (EGi)

EGi • Supreme Court slaps £50m SDLT bill on Chelsea Barracks sale

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