The reduction in the thresholds at which the 15% rate of SDLT will be charged, and at which liability for ATED and ATED-related CGT will apply, will cause people to focus on some of the fundamentals of those taxes, and the inadequacies of guidance relating to concepts (e.g. what comprises a ‘dwelling’) which are defined in a general way in the legislation. Remember the changes to MRR and SDLT charities relief, and look forward to the consultation document on non-residents, CGT and residential property.
