SDLT on additional residential properties: subsidiary dwellings

Where’s Granny?

Key points

  • Since April 2016, a 3% stamp duty land tax surcharge applies to purchases of additional dwellings
  • Legislation was amended to exempt subsidiary dwellings, such as granny annexes
  • Consider purchasing several properties in separate transactions
  • Overpaid stamp duty land tax may be claimed
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Bitcoin – Why All The Fuss?

Bitcoin – Why All The Fuss?

First, what is bitcoin? Wikipedia describes it as follows:

“Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open source software in 2009. The system is peer- to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain…

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DIY Builders and VAT

Tax Adviser is the journal of the Chartered Institute of Taxation and the Association of Taxation Technicians. Ann was asked to make a contribution on the subject of VAT and DIY builders as a result of her coverage of this topic in her book on VAT and Property.

The DIY builder’s scheme is one of three that allow the refund of VAT incurred on particular types of building work. The other two are the listed places of worship grant scheme and the memorial refund scheme…

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LinkedIn for Lawyers

LinkedIn for Lawyers

I want to share my experience of using LinkedIn as a networking tool. I was advised last year that it is an effective tool for lawyers and so I decided to give it a try. LinkedIn is a social network for business people so it’s different to Facebook …

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SDLT and trustees: a reminder

SDLT can be overlooked in trust situations. For example, an SDLT charge may arise where an appointment of land is made from an estate and a beneficiary pays money because their entitlement is less than the value of the property they are to receive.

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SDLT: trees and PIPs

We are aware that FA 2003, Sch 15 para 14 now limits a charge to stamp duty land tax on transfers of partnership interests to ‘property investment partnerships’. Our query, however, concerns whether a particular partnership’s activity would cause it to fall within the definition of a ‘property investment partnership’.

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SDLT: which value?

A client is considering leasing a property, which he owns personally, to a company that is connected with him under the provisions of CTA 2010, s 1122. We appreciate, therefore, that FA 2003, s 53 will come into play with regard to the stamp duty land tax charge, but we are having difficulty understanding precisely how the charge, under s 53(1A), will be calculated.

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