As a result, we receive a large number of enquiries from clients keen to understand how this applies to their circumstances. In response we have produced a series of guides on the 3% surcharge to SDLT that can be downloaded on this page.
Other complications with residential property transactions we are familiar with include:
There are other complex aspects which tend to apply to commercial properties and issues such as:
John is an experienced real estate lawyer, specialising in the stamp duty land tax implications of property transactions.
He has considerable experience of dealing with SDLT issues - particularly the 3% surcharge for additional residential properties. His expertise in this area is recognised by both Chambers and Partners and Legal 500. He is a regular commentator in the media and contributor to the Zoopla web page on the 3% surcharge here, which explains the outline of the surcharge and has links to other resources such as the legislation and HMRC guidance.
Read John's full biography here.
As a full service law firm, we take pride in being able to help our clients with their property matters whether it is straight forward conveyancing or a more complex property transaction. We draw on expertise from across the firm to ensure that we are able to provide solutions to your conveyancing challenges.
Our conveyancing team is accredited by the Law Society and provides expert advice to national and international clients, visit our Residential Property page for more info.
For leasehold reform and related landlord and tenant matters contact:
If you are buying a property with someone else you may need to consider a declaration of trust or cohabitation agreement; for more information visit our Family Law page.
For social housing issues see the information here.
Also contact Doug Smith for guidance on the Annual Tax for Enveloped Dwellings (of relevance where a company owns a residential property worth £500,000 or more).
If you are purchasing a property and need to update or create a Will, visit our Wills, Probate, Taxes and Trusts page
For charities, click here.
Click here, for dealing with potential disputes involving property.
First-time buyers getting on the property ladder with the help of the ‘Bank of Mum and Dad’ might be unfairly discriminated against due to a loophole in the Government’s stamp duty relief.
John Shallcross, our SDLT expert, gives his reactions to Monday’s budget. Did the Chancellor match our predictions?
Our experts take a look at issues arising where parents buy a property whilst a child of the family is at university. SDLT, income tax, capital gains tax and inheritance tax are considered for various ownership structures, including trust arrangements.
Our SDLT expert looks at a scenario involving the bank of Mum and Dad and concessionary purchases. This is something that will be very useful for first-time buyers.
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. We explore in more detail.
The higher rates of SDLT are intended to apply to purchases of additional residential properties, such as second homes and buy to let properties.