Commercial SDLT update: New rates, linkage, subsales and lease changes

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Contents

Stamp duty land tax has been in force since 2013. Almost every year it changes, and the last few years have seen very significant changes, not all of which are dealt with satisfactorily (or at all) by HMRC in its guidance. This video deals with the following recent changes and issues, illustrated by examples:

• New non-residential rates – and their effect on linked transactions
• Is it a non-residential transaction?
• Non-residential subsales –the rules changed completely in 2013
• The abolition of SDLT on abnormal rent increases
• Changes to SDLT when leases continue

Learning Objectives

Stamp duty land tax has been in force since 2013. Almost every year it changes, and the last few years have seen very significant changes, not all of which are dealt with satisfactorily (or at all) by HMRC in its guidance. This video deals with the following recent changes and issues, illustrated by examples You will learn about:

• The new progressive residential rates
• How to apply progressive rates to linked transactions
• Deciding whether or not a transaction is taxed at residential or non-residential rates
• Applying the subsale rules to non-residential transactions
• The abolition of SDLT on abnormal rent increases
• Changes to SDLT when leases continue

Speaker

PAUL CLARK

Paul Clark has been a consultant at Cripps LLP since 2003. He was head of property at DJ Freeman and before that a solicitor at Linklaters & Paines. Paul has experience in major projects, development, shopping centres, landlord and tenant, land registration and SDLT.  A plain language enthusiast, responsible for many standard forms, including the RICS common auction conditions. Former chair of the City of London Solicitors Company Land Law Subcommittee. Member of the Stamp Taxes Practitioners Group. Conveyancing Editor of ‘The Conveyancer and Property Lawyer’. Writes for isurv, the surveyors’ on-line legal service.