Property Tax Lawyers
specialising in Stamp Duty Land Tax and Land Transaction Tax
Advice from our expert solicitors on SDLT and LTT
Blake Morgan’s property tax team has its own in-house Stamp Duty Land Tax (SDLT in England) and Land Transaction Tax (LTT in Wales) expertise available to support all property transactions.
Our property conveyancing solicitors advise clients purchasing property through our conveyancing team. Our SDLT specialist has produced a series of guides and articles on the surcharge that can be downloaded on this page.Arrange A Call With One Of Our Experts
Main Areas Of Practice
The rates of stamp duty land tax (SDLT) and land transaction tax (LTT) are now so high that they are often an important part of a transaction.
As well as advising on general SDLT and LLT rules, we have specialist knowledge of:
Higher rates of tax for additional properties and second homes
Taxes for residential property have become increasingly complicated, particularly with the higher rates of stamp duty land tax for additional properties: the 3% surcharge. The extra tax can apply not only to second homes, but also sometimes to a property being bought as an only or main residence for the buyer.
Complicated residential property transactions
We are familiar with other stamp taxes complications including: - First time buyers' relief; - The proposed 1% surcharge on non-resident buyers; - The special issues with properties bought by companies such as the flat rate of 15% and the reliefs available; The special treatment of social landlords such as housing associations; - Staircasing transactions for shared ownership leases; - Lease extensions and enfranchisements and Prudential structures where a plot is bought with a separate contract for carrying out the building work after the land is transferred.
Commercial property stamp taxes
Our property conveyancing solicitors advise (with the support of stamp tax specialists) on other complex aspects which tend to apply to commercial properties and issues such as transactions involving development of land, overage payments; taxes on mixed use properties such as farms; sale and leaseback transactions; variation, surrenders and regrants of leases; group relief for transactions between companies and property going in or out of a partnership agreement.
Land Transaction Tax
Wales has had its own separately administered stamp tax on property transactions since 1 April 2018. The rates of tax are different from SDLT. Whilst the design of LTT is similar to that of SDLT, there are important differences. Our property conveyancing solicitors can help advise on these changes with the support of our stamp tax specialists.
Stamp duty land tax and LTT has become increasingly complex, especially over the last five years for residential property transactions. Our property conveyancing solicitors and commercial property lawyers are able to count on specialist SDLT and LTT input from within the firm. The advice can also sometimes be provided on a “stand alone” basis.
“I originally found John Shallcross by searching through Stamp Duty articles on the internet, we took his advice regarding a specific project. At all times, I have found him knowledgeable, pragmatic and decisive with his opinion on what is often complex legislation, - he is now our “go to” guy for SDLT!”
- Property Developer
"We use John Shallcross for all our SDLT queries and problems – his knowledge of this area of law is legendary and he is always quick to respond to any queries. I really cannot recommend him too highly."
- Conveyancer in a Hampshire firm
"I recommend John for his expertise in matters involving complex residential SDLT considerations. Thoughtful and calm, measured advice that allows decisions to be made with confidence".
- Head of Department of a south coast firm
"John provided clear, concise and very helpful advice, enabling me to make a clear plan for the transaction."
Represented buyers who had bought a farmhouse and a coach house together for over £2,000,000 using other conveyancers. We helped them amend the return to claim multiple dwellings relief which resulted in a refund of over £70,000 from HMRC.
Advised on a transaction involving the sale of a chain of commercial properties with leases to be granted back to the client company on the transaction. Suggested how the deal be restructured to save over £250,000 of stamp duty land tax by securing lease back relief.
Advised a buyer paying over £2,000,000 for a house with a field of about 8 acres. The saving by treating the property as “mixed use” rather than “residential property” was nearly £80,000. HMRC made a check of the return and accepted that the property counted as “mixed use”.
The SDLT rules around properties with granny flats, annexes or other subsidiary dwellingsDownload
Stamp Duty Land Tax: Bewley case study on dwelling and residential propertyDownload
First time buyers' relief guideDownload
SDLT budget changesDownload
SDLT - the expiry of the transitional periodDownload
SDLT guidance reviewDownload
This article considers the SDLT issues on the purchase of a property with a granny flat or other subsidiary dwelling including multiple dwellings relief and the 3% surcharge rules. The...Read More
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...Read More
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...Read More
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...Read More
This article has been co-written with SDLT expert John Shallcross. Simon Burge, a family law expert, takes a look at the use of a "living together agreement" in connection with...Read More