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Property SPV share transaction
06-18-2011, 12:51 AM
Post: #1
Property SPV share transaction
A client is in the process of acquiring a property that is held in an SPV and so he will be purchasing the share capital, priced at £35m.
The stamp duty on the share transaction at 0.5% comes to £175,000.
Can you suggest a solution to the stamp duty on the shares that would be acceptable to both parties?
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06-18-2011, 01:12 AM
Post: #2
RE: Property SPV share transaction
(06-18-2011 12:51 AM)Bentley1 Wrote:  A client is in the process of acquiring a property that is held in an SPV and so he will be purchasing the share capital, priced at £35m.
The stamp duty on the share transaction at 0.5% comes to £175,000.
Can you suggest a solution to the stamp duty on the shares that would be acceptable to both parties?

Vendor puts shares through a BAP and into a BAP trust [1].
Purchaser puts cash through a BAP and into a BAP trust [2]
Swap trusteeships of BAP trusts =
total tax protection + no stamp duty
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