Stamp Duty Land Tax (SDLT)

Bank of Mum and Dad: University Purchase

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Our experts take a look at issues arising where parents buy a property whilst a child of the family is at university. Stamp duty land tax, income tax, capital gains tax and inheritance tax are considered for various ownership structures, including trust arrangements. More …

Bank of Mum and Dad: Concessionary Purchases

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Occasionally Mum and Dad own a family home which could be transferred to a son or daughter when Mum and Dad downsize. In these situations it is not uncommon for the parents to agree to transfer the property at undervalue, with the rest of the value effectively being a gift. More …

Too derelict to be a dwelling

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In a recently decided First Tier Tribunal case, P N Bewley Ltd escaped the higher rates of stamp duty land tax (SDLT) on the purchase of a dilapidated bungalow which it bought for demolition and redevelopment. This was on the basis that on the date of completion the building was not “suitable for use as a single dwelling”. The central heating system had been removed, some floorboards were missing and the presence of asbestos made a refurbishment unviable. More …

Non-resident buyers and 1% extra SDLT

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At the end of September 2018, just ahead of the Conservative Party Conference, Theresa May announced she was discussing with colleagues changes to increase stamp duty land tax for buyers who do not pay UK tax. There was talk of it being an extra 1 to 3% of the purchase price and the money being used to help the homeless. More …

Additional properties and Stamp Duty Land Tax

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John Shallcross considers issues for couples buying a property using ‘Joint Borrower Sole Proprietor’ mortgages in a piece written for Tax Adviser. More …

"Joint Borrower Sole Proprietor" mortgages and living together agreements

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Simon Burge, a family law expert, takes a look at the use of a "living together agreement" in connection with a joint borrower mortgage for an unmarried couple, where only one of them is to own the property. More …

SDLT revenue figures' review

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Recent figures show the level of receipts from Stamp Duty Land Tax. Our SDLT expert John Shallcross takes a look in more detail. More …

What should we expect from the Budget for the higher rates of stamp duty land tax (the 3% surcharge)? Will it increase to 5%?

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We examine the figures published for the end of the latest tax year that far exceeded the predicted revenue when SDLT was introduced and will it increase in this month's budget? More …

SDLT surcharge – Changes made by the Autumn Budget on 22 November 2017

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The Autumn Budget of 22 November 2017 was an exciting Budget for those of us who live and breathe the stamp duty land tax (“SDLT”) rules on when a purchase of a residential property is subject to the higher rates for additional properties (HRAD or the 3% surcharge). More …

SDLT First Time Buyers’ Relief

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Starting from the day of the Budget on 22 November 2017 relief from Stamp Duty Land Tax (SDLT) is available for first-time buyers paying up to £500,000 for a residential property within England, Wales and Northern Ireland completing on or after Budget Day. More …