Article Database - Topic: 'Stamp Duty' - Keyword: 'Miscellaneous'

 
Second home exemption extended Publication date: 09.06.2016
Article database » Property » Stamp duty
Second home exemption extended..Overlapping ownership. Since 1 April 2016 anyone buying a second home is liable to pay a 3% stamp duty land tax (SDLT) surcharge ( yr.16, iss.10, pg.2 , see The next step ). This applies even when owning two homes is a temporary situation. For example, if you have to relocate quickly and it takes time to sell your old...
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New SDLT surcharge catch for homeowners Publication date: 24.02.2016
Article database » Stamp Duty » Miscellaneous
From April 2016 extra stamp duty land tax (SDLT) will be payable if you buy a residential property and already own one or more. If there’s a gap between the sale and purchase of your next home, will you be liable for the surcharge?
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Is SDLT payable if your company pays you rent? Publication date: 26.06.2014
Article database » Stamp Duty » Miscellaneous
You charge your company rent for using part of your home for work. It’s an income-tax-efficient arrangement, but a colleague has warned you that it could mean your company is liable to pay stamp duty. Is he right?
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SDLT avoidance schemes limit removed Publication date: 21.12.2012
Article database » Returns » Miscellaneous
SDLT avoidance schemes limit removed.. DOTAS extented. Since November 1 more Stamp Duty Land Tax (SDLT) saving and avoidance schemes have come within HMRC’s Disclosure of Tax Avoidance Schemes (DOTAS) system. This requires those who create, promote or sell schemes, for most types of tax, to notify the details to HMRC. It then decides whether or not...
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Warning on SDLT schemes Publication date: 02.11.2010
Article database » Stamp Duty » Miscellaneous
Warning on SDLT schemes.. Under the radar. About a year ago the Taxman introduced rules that required Stamp Duty Land Tax avoidance schemes for residential properties worth more than £1 million to be reported. It seems that to keep under the radar these schemes are now being aimed at those buying properties at less than the million pound benchmark....
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Getting another investor involved Publication date: 02.02.2006
Article database » Stamp Duty » Miscellaneous
You’ve a contact who wants to invest in one of your properties. However, they’re worried about the size of the Stamp Duty Land Tax bill on this deal. What can you do to reduce it?
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No right to charge interest Publication date: 13.10.2005
Article database » Stamp Duty » Miscellaneous
No right to charge interest.. Interest on SDLT. Stamp Duty Land Tax (SDLT) was introduced on December 1, 2003. The Taxman has been charging interest on late and unpaid SDLT since then. He has also been paying interest on repayments. However, the Treasury never made the necessary regulations for setting an interest rate. So the statutory provisions didn’t...
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Overpaid SDLT Publication date: 19.05.2005
Article database » Stamp Duty » Miscellaneous
Overpaid SDLT.. Recap. If you purchase a residential property for more than £120,000 (increased from £60,000 in the last budget), then you have to pay at least 1% Stamp Duty Land Tax (SDLT). However, you can avoid paying SDLT on residential properties bought for less than £150,000 in so-called “disadvantaged areas” of the country. Commercial...
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