The Land and Buildings Transaction Tax (Tax Rates and Tax Bands etc) (Scotland) Amendment Order, SI 2018/372, reduces the lower rate of non-residential LBTT to 1% (from 3%), increases the upper rate to 5% (from 4.5%) and reduces the starting threshold of the upper rate to £250,000 (from £350,000)
The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2018/1319, reduce the time limit for filing an SDLT return and paying the tax due from 30 days to 14 days with effect from 1 March 2019, in circumstances where an application has been made to defer the payment of tax, such as wh
HMRC is consulting on introducing a general connected party market value rule for transfers of securities, and applying the stamp duty reserve tax (SDRT) definition of consideration to stamp duty.
HMRC has updated its guidance to reflect the Budget 2018 announcement extending the relief to include purchases through approved shared ownership schemes where buyers choose to pay SDLT in stages, instead of electing for market value treatment.
HMRC is consulting until 23 November 2018 on draft amending regulations which reduce the time limit for filing an SDLT return and paying the tax due from 30 days to 14 days, in circumstances where an application has been made to defer the payment of tax.