Responding to the Budget of 21 March 2000 Steven McGrady, Head of Stamp Duty at KPMG, said: ‘Yet another hike in stamp duty rates to a maximum of 4% affects all commercial property other than shares and is becoming a very significant transactional cost. The exemption which has been announced for transfers of intellectual property is welcome. Initially this will not apply to transfers of goodwill but there is a hint that the Chancellor might be considering extending it.’
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