Regulations implementing an extension of the Tax Avoidance Disclosure Regime to require the disclosure of certain Stamp Duty Land Tax transactions will come into effect on 1 April 2010.
The regulations give effect to the announcement in the Pre Budget Report 2009 that the Tax Avoidance Disclosure Regime would be extended to Stamp Duty Land Tax transactions concerning residential property with a face value of at least £1 million in addition to all disclosed Stamp Duty Land Tax schemes for both commercial and residential property.
The regulations have yet to be published, however a description of the schemes that must be disclosed is available here, and details of the information that must be provided to HMRC by persons who have used a disclosed Stamp Duty Land Tax avoidance scheme are available here.