Friday, May 20, 2005

Brown costs UNISON dear

As part of the last Budget's stamp duty changes the threshold for stamp duty was raised, but the exemption on buyers entering into a commercial land transaction in an enterprise area from the 17th of March 2005 will no longer be able to claim the disadvantaged areas relief.

That diversion into fiscal studies was because UNISON was one of those people entering into a commercial land transaction, buying the former Elizabeth Garrett Hospital for our new Head Office. Problem was that they bought the £16m property in mid-April, costing us £640,000 in stamp duty instead of the nothing they would have paid.

I bet Dave Prentis was delighted with Gordon for that.

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