Q&As

When a minor is purchasing a property through a bare trust, in what circumstances are the minor’s parents considered as either the purchaser or as having an interest in a property for the purposes of Higher Rates for Additional Dwellings for Stamp Duty Land Tax? If the minor already owns a property through a bare trust and buys another property, would the higher rates apply as the parents are already deemed to have an interest in the other property held under bare trust?

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Produced in partnership with Sean Randall of Blick Rothenberg
Published on LexisPSL on 16/09/2020

The following Tax Q&A produced in partnership with Sean Randall of Blick Rothenberg provides comprehensive and up to date legal information covering:

  • When a minor is purchasing a property through a bare trust, in what circumstances are the minor’s parents considered as either the purchaser or as having an interest in a property for the purposes of Higher Rates for Additional Dwellings for Stamp Duty Land Tax? If the minor already owns a property through a bare trust and buys another property, would the higher rates apply as the parents are already deemed to have an interest in the other property held under bare trust?

When a minor is purchasing a property through a bare trust, in what circumstances are the minor’s parents considered as either the purchaser or as having an interest in a property for the purposes of Higher Rates for Additional Dwellings for Stamp Duty Land Tax? If the minor already owns a property through a bare trust and buys another property, would the higher

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