The Knowledge Centre

Our Clients Our clients, (mother and father) had established a successful student let business comprising of in excess of 40 properties. They planned to pass the company to their two children as they were reaching retirement age. The children had recently become shareholder-directors of the company. However, the children could not agree on whether they […]

Non Resident Property Purchases – The 2% Surcharge What is the non-resident 2% surcharge – stamp duty for non-residents? From April 2021, non-residents purchasing UK residential property will be subject an additional 2% of SDLT on top of the existing rates. Where the purchase will result in the non-resident investor having an interest in another […]

Stamp Duty Land Tax applies to most acquisitions of land and buildings, but every transaction is unique. The SDLT legislation is complex and constantly changing. Without specialist tax knowledge things can be missed or mistakes can be made, which may result in your clients paying the wrong amount of SDLT. As a result, regulatory bodies […]

Stamp Duty Land Tax – Sign Post Introduction Stamp Duty Land Tax (“SDLT”) is payable by the purchaser where there is a chargeable land transaction. It applies to transactions that take place in England & Northern Ireland. Scotland and Wales now have their own equivalent tax. Clearly, this includes the simple conveyance of land such as […]

Stamp Duty Land Tax & Derelict Properties – Introduction In a recent case (Bewley Limited v HMRC), it was held that higher rate stamp duty, or 3% surcharge as it is often referred, is not payable on the purchase of a property that is derelict and too run down to live in. This could result […]

An introduction to Multiple Dwellings Relief (MDR) This article focuses on the Stamp Duty Land Tax (“SDLT”) relief called Multiple Dwellings Relief. First, it is important to discuss the definition of ‘dwelling’ which we do in the first part of this article. We then discuss the effect of Multiple Dwellings Relief where a buyer purchases […]

Replacement of Main Residence Exception – Stamp Duty 3% Surcharge – Introduction This article considers the ‘three-year rule’ on the replacement of an only or main residence that acts as an exception to the 3% stamp duty land tax surcharge on additional properties. Where old home is sold before the new one is purchased General […]

An introduction to Stamp Duty Land Tax for first time buyers It was announced  in Budget 2017 that first time buyers would potentially qualify for relief from Stamp Duty Land Tax (SDLT). Budget 2018 extended the relief further. How much stamp duty relief for first time buyers? First time buyers who qualify for the relief […]

Stamp Duty Company Purchase – The FAQs & Facts General – Envelope Dwellings & Super Rates of SDLT In 2012, two measures were introduced to curtail the corporate enveloping of residential property. The first being a 15%  ‘super rate’ of SDLT where a dwelling was being transferred to a Company (or other non-natural person). The […]