The government’s targeted crackdown on stamp duty land tax avoidance seems to be taking effect as property investors lose their appetite for such schemes, Collyer Bristow has advised.

HMRC’s Counter Avoidance Directorate, which is focused on marketed tax avoidance, collected £92m in unpaid stamp duty land tax during 2015/16 as the government clampdown begins to have an impact.

Collyer Bristow suggested the fall from £301.2m, collected by the directorate over the previous year, is an indication that changes to the law have started to successfully prevent opportunities to avoid SDLT.

The firm added that this ma...

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