Q&As

If a property development company buys a residential property, how does it demonstrate it should be charged normal SDLT rates instead of the 15 per cent crate?

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Published on LexisPSL on 04/06/2015

The following Tax Q&A provides comprehensive and up to date legal information covering:

  • If a property development company buys a residential property, how does it demonstrate it should be charged normal SDLT rates instead of the 15 per cent crate?
  • 15% rate of SDLT

15% rate of SDLT

For details on the 15% rate of SDLT, see Practice Note: 15% rate of SDLT for high-value residential property transactions. See also, the ‘Related documents' pod on the right-hand side of this document, which provides links to further reading on the 15% rate in Lexis®Library. In particular, note HMRC guidance in 'SDLTM—Stamp Duty Land Tax Manual' (paragraph SDLTM09500 onwards), especially paragraph SDLTM09560, which sets out examples of when exclusions from the 15% rate are available.

As set out in the Practice Note referred to above, where

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