Stamp duty: What is it, how much is it and how is it changing? – BBC News
‘Home buyers in England and Northern Ireland will pay more stamp duty after 1 April, when two key thresholds are reduced.’
BBC News, 6th March 2025
Source: www.bbc.co.uk
Category: stamp duty
Stamp Duty Land Tax and Divorce – Financial Remedies Journal
‘This is sometimes the forgotten tax on divorce. Maybe this is fair enough as there is a pretty clear exemption in tax law that states that stamp duty land tax (SDLT) will not apply to transfers pursuant to divorce. However, the last few years have seen the introduction of two SDLT surcharges and when these two combine it creates a top rate of SDLT of 19% – a sizeable liability which should not be forgotten when factoring in housing costs.’
Financial Remedies Journal, 10th February 2025
Source: financialremediesjournal.com
The Autumn 2024 Budget: A Summary of the Key Reforms for Financial Remedy Practitioners – Financial Remedies Journal
‘The Autumn Budget 2024 (“the Budget”) saw history being made as Rachel Reeves, who became our first female Chancellor of the Exchequer, set out arguably the biggest tax changes for a generation, set to raise taxes by £41bn by 2029/30 and said to be part of the Government’s plan to revitalise Britain. In this article, we will summarise the key reforms of the Budget, highlighting those which may be of particular relevance to financial remedy practitioners and their clients.’
Financial Remedies Journal, 1st November 2024
Source: financialremediesjournal.com
Research Briefing: Stamp duty land tax on residential property – House of Commons Library
‘This Commons Library paper discusses the way that sales of residential property are taxed, and a series of reforms that have been introduced to stamp duty land tax in recent years.’
House of Commons Library, 10th August 2021
Source: commonslibrary.parliament.uk
Conveyancers calls on government to extend furlough scheme – Legal Futures
‘The furlough scheme should be extended for property businesses, like conveyancers, where income required to pay staff will not be available for months after work is undertaken once lockdown is lifted, the government has been told.’
Legal Futures, 23rd April 2020
Source: www.legalfutures.co.uk
Supreme Court restores avoidance finding in Project Blue SDLT case – OUT-LAW.com
‘A stamp duty land tax (SDLT) claim by HM Revenue and Customs (HMRC) in connection with the purchase of the former Chelsea Barracks in London, worth a potential £50 million, has been restored by the UK Supreme Court.’
OUT-LAW.com, 14th June 2018
Source: www.out-law.com
Brexit & Developments in Valuer’s Liabilities – Hailsham Chambers
‘In the run up to the referendum the mood about the consequence of a leave vote was, from an economic point of view, pessimistic. ‘
Hailsham Chambers, 3rd November 2017
Source: www.hailshamchambers.com
Solicitor accepts rebuke for involvement in £2m SDLT schemes – Legal Futures
‘A solicitor involved in conveyancing transactions that resulted in the non-payment of £2m in stamp duty land tax (SDLT) has accepted a rebuke from the Solicitors Regulation Authority (SRA).’
Legal Futures, 24th October 2016
Source: www.legalfutures.co.uk
Wales moves to replace stamp duty with new land transaction tax – The Guardian
‘The first new Welsh tax for almost 800 years is to be outlined in a bill expected to be introduced on Monday.’
The Guardian, 12th September 2016
Source: www.guardian.co.uk
Stamp duty aftershock triggers rollercoaster ride for conveyancers ahead of Brexit vote – Legal Futures
‘Conveyancing activity in Q2 followed a rollercoaster journey with transactions jumping by almost a quarter (24%) year-on-year – up from 230,430 to 286,425 – as completions were registered following the rush to beat the Stamp Duty Land Tax (SDLT) changes for buy-to-let properties and second homes on 1 April 2016, according to the latest edition of the Conveyancing Market Tracker from Search Acumen, the search provider.’
Legal Futures, 25th August 2016
Source: www.legalfutures.co.uk
Offline conveyancers could face stamp duty penalties – Law Society’s Gazette
‘Solicitors could face penalties for not filing stamp duty returns online, under proposed government reforms to the conveyancing process.’
Law Society’s Gazette, 15th August 2016
Source: www.lawgazette.co.uk
Finance & Divorce Update, July 2016 – Family Law week
‘Edward Heaton, Principal Associate and Jane Booth, Associate, both of Mills & Reeve LLP, analyse the news and case law relating to financial remedies and divorce during June 2016.’
Family Law Week, 15th July 2016
Source: www.familylawweek.co.uk
Stamp Duty Land Tax – Tanfield Chambers
‘Does the 3% second home surcharge apply to statutory lease extensions and enfranchisement under the 1993 and 1967 Acts?’
Tanfield Chambers, 6th June 2016
Source: www.tanfieldchambers.co.uk
Divorce settlements open to challenge as lawyers ‘unaware of stamp duty change’ – Daily Telegraph
‘Thousands of divorce settlements could be left open to appeal because the Government’s new stamp duty surcharge is leaving estranged partners unable to buy their own home following a split.’
Daily Telegraph, 30th June 2016
Source: www.telegraph.co.uk
Court of Appeal: SDLT not payable by company using Shari’a finance scheme – OUT-LAW.com
‘Project Blue Limited (PBL) was not liable for stamp duty land tax (SDLT) in respect of its acquisition of the former Chelsea Barracks by means of a Shari’a finance scheme, the Court of Appeal has ruled.’
OUT-LAW.com, 31st May 2016
Source: www.out-law.com
Ten new laws that come into force in April 2016 – and how they affect you – The Independent
‘April 2016 is a month of big changes for people living and working in the UK. A number of new laws and policies are coming into force, affecting just about everyone from public sector workers to dog owners. Here’s what the new laws could mean for you.’
The Independent, 3rd April 2016
Source: www.independent.co.uk
SRA fines firm £2,000 for £2.5m stamp duty avoidance schemes – Legal Futures
‘Leading Surrey firm Mundays has been fined £2,000 by the Solicitors Regulation Authority for using stamp duty land tax (SDLT) avoidance schemes which saved clients over £2.5m.’
Legal Futures, 3rd October 2014
Source: www.legalfutures.co.uk
Taxman wins fight to close property tax loophole – Daily Telegraph
‘A High Court ruling has sided with the taxman over legislation introduced last year which aims to stop wealthy property buyers avoid paying tens of thousands of pounds in stamp duty.’
Daily Telegraph, 13th June 2014
Source: www.telegraph.co.uk
