KPMG CI Seminars on SDLT

December seminars to be run by KPMG in the Channel Islands will address the draft legislation impacting UK residential property transactions and ownership.

The seminars will be held in Guernsey on 13 December at the Duke of Richmond Hotel from 12.30 to 2 p.m. and in Jersey on 14 December at the Grand Hotel from 8.30 to 10 a.m. and are designed for advisors and intermediaries whose clients may be affected by the new legislation.

The draft legislation, which is due to be published on 11 December 2012, will be reviewed by the KPMG teams, who will discuss the impact it may have on individuals acquiring high value residential properties in the UK, those who currently own properties other than in their own name and affected commercial businesses with property interests.

The teams will be joined by Greg Limb, a partner from the UK firm's private client team. Mr Limb specialises in advising individuals, entrepreneurs and shareholders on their personal tax issues and advises a large range of UK and non-UK settlements and their beneficiaries on their UK tax affairs. He also spent six months on secondment to KPMG in the Channel Islands in 2008.

KPMG's Head of Tax, John Riva said: “Following the announcement of changes to Stamp Duty legislation and anti-avoidance measures relating to the ‘enveloping' of high value residential property in the March 2012 Budget, we are expecting the draft legislation to be published on 11 December 2012 and to have received feedback from the consultation process.

“The seminars will be an ideal opportunity to update individuals about the very latest position.”

Places on the seminars are free of charge but advanced booking is required. For more information or to book a place at the seminar, contact Lisa Coverdale in Guernsey on 01481 755786, email: lcoverdale@kpmg.guernsey.gg or June Mauger in Jersey on 01534 608457,email: jmauger@kpmg.jersey.je.