Taxpayers can get seeding relief on SDLT if they are in an investment scheme such as a PAIF or a COAC and purchase land in England or Northern Ireland in exchange for units in the scheme.
Taxpayers must submit an SDLT return using ‘Code 28’ for question 9 of the return (which asks ‘are you claiming relief?’) to receive seeding relief. The return must be sent to HMRC with a written notice stating that a claim for seeding relief has been made. The guidance on how to complete the SDLT1 paper return has also been updated with details on how to answer question 52 (number of purchasers, including non-resident purchasers).
Taxpayers can get seeding relief on SDLT if they are in an investment scheme such as a PAIF or a COAC and purchase land in England or Northern Ireland in exchange for units in the scheme.
Taxpayers must submit an SDLT return using ‘Code 28’ for question 9 of the return (which asks ‘are you claiming relief?’) to receive seeding relief. The return must be sent to HMRC with a written notice stating that a claim for seeding relief has been made. The guidance on how to complete the SDLT1 paper return has also been updated with details on how to answer question 52 (number of purchasers, including non-resident purchasers).
