Kevin Griffin Director in Ernst & Young's Stamp Taxes Group provides a brief review of the main reliefs from SDLT
The economics of a UK land transaction may be seriously dented by SDLT at an effective rate of up to 4.7% (4% on the VAT-inclusive price equates to 4.7% on the net price after recovery of the VAT). The cure for the headache may be to claim relief — but does the transaction qualify? Some reliefs are generous others are not as helpful as they first appear and some will be irrelevant. There are disappointing omissions. If relief is claimed it may subsequently be withdrawn. This article is a brief review of the main reliefs but it does not cover very narrowly targeted reliefs such as those on demutualisation.
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Kevin Griffin Director in Ernst & Young's Stamp Taxes Group provides a brief review of the main reliefs from SDLT
The economics of a UK land transaction may be seriously dented by SDLT at an effective rate of up to 4.7% (4% on the VAT-inclusive price equates to 4.7% on the net price after recovery of the VAT). The cure for the headache may be to claim relief — but does the transaction qualify? Some reliefs are generous others are not as helpful as they first appear and some will be irrelevant. There are disappointing omissions. If relief is claimed it may subsequently be withdrawn. This article is a brief review of the main reliefs but it does not cover very narrowly targeted reliefs such as those on demutualisation.
...
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