This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 172 matches

Go to advanced search

by SDLT Geek
Mon Feb 11, 2019 1:58 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 13
Views: 2382

Consultation Paper is out An extra 1% SDLT surcharge for overseas buyers being proposed?

The Consultation Paper has been published, here is a link: https://www.gov.uk/government/consultations/stamp-duty-land-tax-non-uk-resident-surcharge-consultation
by SDLT Geek
Mon Feb 11, 2019 9:52 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 13
Views: 2382

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

Here is a link to a blog on some things to look out for when the Consultation Paper comes out, especially for returning expats. https://www.blakemorgan.co.uk/news-events/blog/non-resident-buyers-and-1-extra-sdlt/
by SDLT Geek
Sun Feb 10, 2019 8:31 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: SDLT - transfer of property from 4 people to 2 people
Replies: 3
Views: 579

Re: SDLT - transfer of property from 4 people to 2 people

I would expect this to be caught, either:
under the rules for linked transactions or
through a recharacterisation of what has been done into a single transaction.
by SDLT Geek
Fri Feb 08, 2019 5:47 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 13
Views: 2382

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

We had expected the Consultation Paper out by now, but there is no sign of it. One problem HMRC will face is what test of "residence" they will use. The Statutory Residence Test is normally determined for a whole year and sometimes it will not be known until well through the year what the outcome of...
by SDLT Geek
Fri Feb 08, 2019 5:37 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: SDLT - transfer of property from 4 people to 2 people
Replies: 3
Views: 579

Re: SDLT - transfer of property from 4 people to 2 people

The transaction is for £45,000 and so I would expect the 3% surcharge to be due if the buyers have another property. Shares in properties are looked at differently for: (a) Seeing if another property owned "counts against" a person for the 3% surcharge where HMRC accept that one looks at the value o...
by SDLT Geek
Sat Feb 02, 2019 7:20 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 13
Views: 2382

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

The consultation paper did not appear this week, so we await it next week. A key point will be the treatment of expatriates returning to the UK and buying a property. 1. How will the proposals treat an expat with no other properties worldwide so that the 3% surcharge would not apply? Could the 1% op...
by SDLT Geek
Mon Jan 28, 2019 3:34 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: An extra 1% SDLT surcharge for overseas buyers being proposed?
Replies: 13
Views: 2382

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

I understand that the consultation paper on the extra 1% stamp duty land tax for non-residents is being reviewed by various ministers at the moment. HMRC and The Treasury hope to publish it later this week or early next week.
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: 13
Views: 2382

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: 740

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.

Go to advanced search