Stamp Duty Land Tax Articles

Multiple Dwellings Relief for SDLT

The Spring Budget 2023 brought the announcement of the abolition of Multiple Dwellings Relief (MDR). As of now, this change affects transactions completing or substantially performing on or after 1 June 2024. Property purchasers who bought more than one dwelling could previously apply MDR relief. This relief was applicable when a transaction or a series of linked transactions included freehold...

Stamp Duty on shared ownership property

Stamp Duty Land Tax (SDLT) is payable whether you buy a freehold property, a new or existing leasehold property or a shared ownership property. SDLT has been replaced in Scotland by the Land and Buildings Transaction Tax and in Wales by the Land Transaction Tax. The amount of SDLT you pay when you buy a leasehold property, depends on whether it’s an existing lease (an assigned lease) or a new...

ATED for non-resident companies

The Annual Tax on Enveloped Dwellings (ATED) came into effect from 1 April 2013. The tax applies to certain Non-Natural Persons (NNPs) that own interests in dwellings valued at more than £500,000. These provisions affect most companies, partnerships with company members and collective investment schemes. For the purposes of the ATED, it is immaterial whether the company, partnership or...

Connected persons for tax purposes

The definition of a connected person for tax purposes varies. A statutory definition of “connected persons” for Capital Gains Tax...

Tax and employee share schemes

There are a number of government approved share schemes which offer various incentives to employees. The rules of the schemes...

Tax relief for training costs

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be...

Post cessation transactions

Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must...

Reclaiming pre-trading VAT

There are special rules that determine the recoverability of VAT incurred before a business registered for VAT. This type of...

Are we unpaid tax collectors?

Business owners often refer to VAT as if it were a cost to their business regardless of their VAT position;...

Child Benefit for 16 – 19 year olds

More than a million parents will receive reminders to extend Child Benefit for their teenagers if they are continuing their...

by Andrew Stanton

Mitigating Labour VAT on private school fees

Explore the potential Labour VAT threat on private school fees and prepayment strategy to swerve the VAT risk.

Multiple Dwellings Relief for SDLT

It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR) was being abolished. This change...
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