Jeffrey Webber and Liam O’Doherty (BDO) examine the various options that are specifically aimed at preventing abuse of the existing rules.
On 30 November 2021 HMRC published a new consultation on SDLT specifically aimed at preventing abuse of the existing rules in relation to mixed property purchases and multiple dwellings relief (MDR). HMRC indicated that the existing rules are leading to potentially unfair outcomes incorrect claims and tax abuse. Specifically HMRC is consulting on:
changes to the way in which SDLT is calculated when purchasers acquire mixed property (meaning it comprises both residential and non-residential property); and
options to reform the SDLT treatment of property purchases that include more than one dwelling (the MDR rules).
This consultation will come as no surprise to experienced SDLT advisers who will have noticed the increasing number of recent legal cases won by HMRC successfully arguing that...
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Jeffrey Webber and Liam O’Doherty (BDO) examine the various options that are specifically aimed at preventing abuse of the existing rules.
On 30 November 2021 HMRC published a new consultation on SDLT specifically aimed at preventing abuse of the existing rules in relation to mixed property purchases and multiple dwellings relief (MDR). HMRC indicated that the existing rules are leading to potentially unfair outcomes incorrect claims and tax abuse. Specifically HMRC is consulting on:
changes to the way in which SDLT is calculated when purchasers acquire mixed property (meaning it comprises both residential and non-residential property); and
options to reform the SDLT treatment of property purchases that include more than one dwelling (the MDR rules).
This consultation will come as no surprise to experienced SDLT advisers who will have noticed the increasing number of recent legal cases won by HMRC successfully arguing that...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
