Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Stamp duty land tax traps

19 January 2021 / Suzanne O’Hara
Issue: 4776 / Categories: Comment & Analysis
36158
Escaping from the property trap

Key points

  • The stamp duty land tax regime has been the subject of numerous recent changes.
  • HMRC’s SDLT calculator does not take all factors into account.
  • Importance of distinguishing residential and non-residential property.
  • Implications of property transfers for no consideration.
  • Multiple dwellings relief annexes and the 3% surcharge.
  • High value residential properties and non-natural persons.

Many conveyancers and tax practitioners may suspect that stamp duty land tax (SDLT) provisions have become increasingly complex since their introduction in 2003. They are right as can be seen from the developments in A brief history of SDLT. That chart summarises the story of SDLT thus far – and no doubt will need to be added to as a result of future budgets.

It seems that each year’s budget brings with it a new announcement including new rates and thresholds depending on the type of...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon