At the Autumn Statement in November 2015, a series of new additional SDLT rates were announced, effective from 1 April 2016. We have previously published two Q&A briefings outlining the scope of the new rates (available here and here).
Whilst it has been known since last Autumn that the new SDLT rates will apply to purchases of “additional residential properties” (such as buy-to-let and investment properties), a number of uncertainties and outstanding issues remained. The government has now published draft legislation and accompanying guidance to clarify some of these outstanding points.
This briefing considers some key questions relating to the new additional SDLT rates in light of these developments.
If you require further information on anything covered in this briefing please contact James Bromley (firstname.lastname@example.org; 020 3375 7339) or your usual contact at the firm on 020 3375 7000. Further information can also be found on the Tax page on our website.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
© Farrer & Co LLP, May 2016
SDLT Additional Rates 2016.pdf151kB