FA 2012 analysis: Residential property and SDLT

Robert Young

Legislation could capture bona fide planning, says Robert Young

This year has seen dramatic changes to the landscape for residential property taxation most notably in the field of SDLT. These changes form part of a programme of measures aimed at restricting perceived avoidance and the ongoing consultation on the fair taxation of residential property transactions promises further upheaval in 2013.

As discussed below the legislation introduced in FA 2012 causes difficulties on a technical and practical level; hopefully attention focused on the deficiencies by the consultation process will lead to clarifications and improvements.

‘Enveloping’ and the 15% rate

One of the more dramatic Budget announcements was the immediate introduction of a new SDLT liability for certain transfers of residential properties. FA 2003 Sch 4A inserted by FA 2012 s 214...

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Legislation could capture bona fide planning, says Robert Young

‘Enveloping’ and the 15% rate

One of the more dramatic Budget announcements was the immediate introduction of a new SDLT liability for certain transfers of residential properties. FA 2003 Sch 4A inserted by FA 2012 s 214...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: