Discover and read the best of Twitter Threads about #ATED
Most recents (1)
ATED is an obscure tax, that almost no non-specialists have heard of. The fact it exists is a policy failure, and the fact people are paying it is even more of a failure. Therefore we should raise it. taxpolicy.org.uk/2022/11/04/ated
#tax #ATED
#tax #ATED
We all pay stamp duty when we buy a house. But there’s a well-known trick: have your house owned by a company – a special purpose company that does absolutely nothing else (often called “enveloping”). Then you sell the shares in the company, and the buyer pays no stamp duty.
This was revealed to an incredulous world in the early 2010s. In a sane world, the “loophole” would’ve been closed by simply applying stamp duty to the sale of the shares...
