Delighted to see that the BBC has picked up the intiative on the problems that are potentially in store for people trying to avoid paying Stamp Duty Land Tax (SDLT) when buying their property.
As we have been warning, Revenue and Customs (HMRC) are continuing to crack down on this; an HMRC spokesman said: "The schemes rely on an interpretation of law that produces an outcome different from that envisaged when the law was enacted, and that HMRC does not accept."
As we continue to warn our clients, HMRC have confirmed that they are gearing up to challenge the schemes through the courts - all the risk is with the client on this one.
