HMRC has published a new ATED relief declaration return for regulated home reversion plans (see www.bit.ly/1S0t0Wh). Finance Bill 2016 (clauses 123 and 124) extends the reliefs available from ATED and the 15% higher rate of SDLT to equity release schemes known as ‘home reversion plans’ certain property development activities and properties occupied by employees with effect from 1 April 2016.
