Common SDLT problem areas

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Contents

Stamp duty land tax has been in force for almost 12 years. Almost every year it changes, and the last few years have seen very significant changes, not all of which are dealt with by HMRC in its guidance. Some issues crop up again and again, and this video – after a brief reminder of the basics – will deal with the following topics, including discussion of some of the actual questions that have been asked:

• Linked transactions, still not well understood
• MDR (Multiple Dwellings Relief), introduced in 2011 but often forgotten
• Residential or not? Issues around use change, and large estates
• Transfers to companies – the market value charge
• Subsales – where the rules changed completely in 2013

Learning Objectives

Stamp duty land tax has been in force for almost 12 years. Almost every year it changes, and the last few years have seen very significant changes, not all of which are dealt with by HMRC in its guidance. Some issues crop up again and again, and this video – after a brief reminder of the basics – will deal with the following topics, including discussion of some of the actual questions that have been asked. You will learn about:

• Linked transactions, which are still not well understood
• MDR (Multiple Dwellings Relief), introduced in 2011 but often forgotten
• How to tell whether a deal is taxed at residential or non-residential rates
• Transfers to companies – the market value charge
• Subsales – where the rules changed completely in 2013

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.