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HMRC stamp duty land tax webinar
HM Revenue and Customs (HMRC) is hosting a webinar on stamp duty land tax on Tuesday 23 July from 12pm to 1pm.
The webinar is being held in response to feedback from conveyancers that they would like more focus on specific areas of the higher rate for additional dwelling rules.
The presentation will focus on the four conditions A to D to improve and consolidate understanding.
The design of higher rates for additional dwellings broadly means that tax is charged when someone buys and already owns a ‘major interest’ in a dwelling.
Those most likely to be affected by the higher rate are:
- individuals liable to higher rates of stamp duty for additional dwellings by virtue of buying a new home before selling their old home
- persons liable to the higher rates of stamp duty land tax (SDLT) by virtue of owning, disposing of or purchasing residential property owned by more than one person
- purchasers of property in England and Northern Ireland