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Where Taxpayers and Advisers Meet

Search found 134 matches

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by SDLT Geek
Wed Jan 16, 2019 1:07 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 8
Views: 785

Re: An extra 1% SDLT surcharge for overseas buyers being proposed?

Someone else who wrote to the Chancellor about the extra 1% for non-residents says he has had a reply saying that the consultation will discuss how non-resident buyers purchasing property in the UK could be inflating house prices.
by SDLT Geek
Fri Jan 11, 2019 11:15 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Am I classed as the owner of a property in France and does 3% SDLT charge apply to me.
Replies: 3
Views: 112

Re: Am I classed as the owner of a property in France and does 3% SDLT charge apply to me.

The point that might help you is if you have lived in the UK property throughout the last three years as explained in the link posted.
by SDLT Geek
Thu Jan 10, 2019 10:13 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 8
Views: 785

Re: An extra 1% SDLT surcharge for overseas buyers being proposed?

There is to be a standard 12 week consultation period once the Consultation Paper is published. This is still expected towards the end of this month, but the draft has to go before Ministers and special advisers first.
by SDLT Geek
Thu Jan 10, 2019 10:02 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Am I classed as the owner of a property in France and does 3% SDLT charge apply to me.
Replies: 3
Views: 112

Re: Am I classed as the owner of a property in France and does 3% SDLT charge apply to me.

The complications involving usufructs should not matter if you can get around the 3% surcharge another way. Have you lived in the property concerned throughout the last 3 years? If so changes made in the 22.11.2017 Budget should help you. https://www.blakemorgan.co.uk/news-events/blog/sdlt-surcharge...
by SDLT Geek
Thu Jan 10, 2019 9:51 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Transfer of property
Replies: 1
Views: 74

Re: Transfer of property

It sounds as if the same person controls both companies. That makes them connected and so I would expect SDLT to be due on the market value of the property because of FA2003/s53.
by SDLT Geek
Thu Jan 03, 2019 11:24 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 8
Views: 785

Re: An extra 1% SDLT surcharge for overseas buyers being proposed?

I have heard that the Treasury and HMRC are aiming to publish the Consultation Paper around the end of the month.
by SDLT Geek
Tue Jan 01, 2019 3:09 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 8
Views: 785

Re: An extra 1% SDLT surcharge for overseas buyers being proposed?

We are expecting the Consultation Paper on the extra 1% stamp duty land tax for non-resident buyers to come out some time this month.
by SDLT Geek
Sun Dec 09, 2018 7:35 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 8
Views: 785

Extra 1% SDLT surcharge for non-resident buyers Consultation Paper for January 2019

The HMRC Stamp Taxes teams did not give much away about the progress of the preparation of the Consultation Paper in January when I saw them last week. They did say a lot of them are working on it and that they are trying to keep it simple! The statutory residence test alone (in FA2013/Sch45) is 68 ...
by SDLT Geek
Sun Dec 09, 2018 7:20 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: SDLT
Replies: 1
Views: 229

Re: SDLT

I expect you have seen the answer to the same question posted here: https://www.zoopla.co.uk/discover/buying/stamp-duty-land-tax-3-surcharge-replacement-of-an-only-or-main-residence-and-the-all-important-three-year-rule/ Did that give you the information you needed?
by SDLT Geek
Thu Dec 06, 2018 11:09 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Stressing my stamp duty was incorrect
Replies: 8
Views: 341

Re: Stressing my stamp duty was incorrect

At the time in 2006 SDLT worked on a slab rate system, not a slice rate like now. So the whole of the price would have been charged at one rate then. HMRC publish the rates for different periods. I expect it would have been 1% then if the figure was £135,000, so SDLT of £1,350.

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