Patrick Cannon (15 Old Square) sets out some considerations for advisers when assisting clients who are potentially within the scope of the higher SDLT charge.
The 3% higher rates SDLT charge on the purchase of any dwelling by non-natural persons and the purchase of additional dwellings by individuals under FA 2003 Sch 4ZA has sent a shock wave through the residential property market. Whether you view it as a much needed reform or as a terrible mistake by HM Treasury which will eventually reduce the stock of properties available to first time buyers and reduce SDLT revenues at the higher end of the market it looks as though the charge is here to stay.
This article explains some of the considerations that advisers should keep in mind when assisting clients who are potentially within the scope of the charge. Many of the considerations below involve the straightforward application...
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Patrick Cannon (15 Old Square) sets out some considerations for advisers when assisting clients who are potentially within the scope of the higher SDLT charge.
The 3% higher rates SDLT charge on the purchase of any dwelling by non-natural persons and the purchase of additional dwellings by individuals under FA 2003 Sch 4ZA has sent a shock wave through the residential property market. Whether you view it as a much needed reform or as a terrible mistake by HM Treasury which will eventually reduce the stock of properties available to first time buyers and reduce SDLT revenues at the higher end of the market it looks as though the charge is here to stay.
This article explains some of the considerations that advisers should keep in mind when assisting clients who are potentially within the scope of the charge. Many of the considerations below involve the straightforward application...
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:
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