PLUS an update on multiple dwellings relief and refunds where we’ll discuss if you’re eligible. All of this will be brought to you by Stamp Duty Tax expert David Hannah of Cornerstone. With stamp duty getting even more complicated this April and with the introduction of new charges, it’...
Second properties under £40,000 and all caravans, mobile homes and house boats are exempt from additional stamp duty. In fact, first-time buyers benefit from SDLT relief on purchases up to £425,000 when purchasing their main residence. On purchases up to £425,000, no SDLT is paya...
HMRC is consulting on potential changes to the Stamp Duty Land Tax (SDLT) rules for mixed use property purchases and Multiple Dwellings Relief. If introduced, these changes will have important tax consequences for future property purchases. Mixed-use property Background Mixed-use property includes bo...
Chris:I am getting a lot of questions on residential property acquisitions, and particularly acquisitions of farmland and larger estates. Because the rates of SDLT have changed so dramatically, there are questions around the application of multiple dwellings relief and ‘subsidiary dwellings’ (al...