RESIDENTIAL SDLT LATEST POSITION

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The big news for conveyancers is the introduction on 1 April 2021 of a 2% surcharge on residential purchases where the buyer is not resident in the UK. It can affect UK citizens who work abroad for a couple of years, and private companies where a minority shareholder does not live in the UK. In this session Paul Clark will outline the new surcharge and also draw some lessons from recent practice and case law, including:

• The importance of a door to MDR
• Typical MDR enquiries
• Can one have two replacement homes and avoid surcharge?
• Is a buyer “safe” after 9 months?
• Losing a relief, like MDR or exemption from 15%

Paul Clark, Solicitor and SDLT trainer, Consultant, Cripps LLP