Market leading insight for tax experts
View online issue

FB 2013: SDLT relief from 15% rate

Kersten Muller considers some of the SDLT changes in draft Finance Bill 2013

The proposed changes to FA 2003 Sch 4A announced in the Autumn Statement should be received favourably by those carrying on genuine property businesses and were affected by the 15% rate of SDLT. However their delayed introduction is likely to mean that genuine business activity is put on hold until the reforms take effect.

The announcement of amendments to FA 2003 Sch 4A reflects HM Treasury's willingness to listen to the concerns raised during the consultation.

The result is draft legislation which introduces further reliefs to reduce the SDLT rate from 15% to 7% on high value residential property (being those valued in excess of £2m) acquired within certain corporate structures for property development and other...

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:

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 article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top