Q&As

Where the higher 3% rates of stamp duty land tax (SDLT) are charged because a bare trust is purchasing a property for a beneficiary and the beneficiary has not yet sold their previous main residence (owned by them as an individual), can a refund be sought by the bare trust of the higher 3% rates if the beneficiary sells their previous main residence within three years of the purchase (if the conditions are satisfied and they plan to use the new property bought by the trust as their new main residence)?

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Published on LexisPSL on 09/06/2021

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

  • Where the higher 3% rates of stamp duty land tax (SDLT) are charged because a bare trust is purchasing a property for a beneficiary and the beneficiary has not yet sold their previous main residence (owned by them as an individual), can a refund be sought by the bare trust of the higher 3% rates if the beneficiary sells their previous main residence within three years of the purchase (if the conditions are satisfied and they plan to use the new property bought by the trust as their new main residence)?

Where the higher 3% rates of stamp duty land tax (SDLT) are charged because a bare trust is purchasing a property for a beneficiary and the beneficiary has not yet sold their previous main residence (owned by them as an individual), can a refund be sought by the bare trust of the higher 3% rates if the beneficiary sells their previous main residence within three years of the purchase (if the conditions are satisfied and they plan to use the new property bought by the trust as their new main residence)?

As set out

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