SDLT surcharge: A difficult and unfair tax

22 Dec 2016

On 1 April 2016, residential rates of stamp duty land tax (SDLT) were increased by 3 per cent. The only exceptions are, first, a human buyer who owns no other dwelling but the one just bought, and second, a human buyer replacing their main home. Companies and similar organisations always pay the surcharge (unless they have to pay the 15 per cent rate). But that outline hides a mass of detail. An adequate training session on the surcharge takes at least three hours.

Here are three examples of the difficulties. Assume ‘dwelling’ means one caught by the surcharge. Most dwellings are, but there are exclusions.

Case 1 Want to read on?

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