PropertyLaw.guru Blog

SDLT & mixed use. HMRC goes back on itself 😱

Read the illustrious SDLT expert barrister Patrick Cannon’s article on the meaning of ‘residential property’ for mixed use (click through the post to get to the published article). SDLT is way more complex than solicitors who blithely call it ‘stamp duty’ will admit to, but they are taking all the risk if they don’t refer clients to experts for advice. I have been ranting on about this since 2003 but it often falls on deaf ears. HMRC are quietly raising enquiries on purchasers who self-assessed say a house with a separate paddock or field as ‘mixed use’, in accordance with the previous HMRC guidance, as now being purely ‘residential’ with a huge consequent tax demand!

https://www.patrickcannon.net/wp-content/uploads/2018/10/TAX_2018_Vol182_Issue4668_Oct_12.pdf
RSS Feed 

This site uses cookies. But unlike WhatsApp, Facebook and the rest we don't trawl your phone for your personal data and sell it to advertisers!