A well-written, user-friendly guide to the complexities of SDLT.
The book provides clear, practical guidance for accountants, solicitors and other tax professionals, with plenty of worked examples. Available on its own or as part of a discounted bundle.
Topics covered include basic principles, leasehold transactions, partnerships, trusts, reliefs, anti-avoidance legislation and recent tribunal decisions. Full reference is made throughout to relevant legislation, case law and guidance from HMRC.
“It is now, in the reviewer’s opinion, the best guide to SDLT for the general practitioner on the market.” – AccountingWeb review of earlier edition
Contents (in brief)
SDLT – rates of charge
Residential property – rules and surcharges
Leases – the basics
Leases – miscellaneous
Trusts and trustees
Shared ownership schemes
Reliefs – general
Reliefs – corporate
Transactions entered into before completion of contract (sub-sale, assignment or transfer of rights)
Section 75A – the SDLT anti-avoidance rule
Penalties, enquiries and disclosure
New for this 2023-24 edition
Updated rates of SDLT
Increased ATED rates
New HMRC guidance on a range of topics (“main subject matter”, splitting out of chattels; “objective observer” test re multiple dwellings, group relief)
Changes to LBTT and LTT
Case law developments across numerous topics (suitable for use, derelict property, garden or grounds, mixed-use land, residential or non-residential, additional dwellings, time limits, rights of way, “in the process of construction”)
Commentary on shared ownership schemes thoroughly updated and rewritten