The Law Society has responded
to HMRC’s consultation on the draft Stamp Duty Land Tax (Administration) (Amendment)
Regulations 2021, which are expected to introduce the 2% surcharge for
non-residents from April 2021. Among its key concerns, the Society notes that
many conveyancing solicitors will be dealing with the concept of residence for
the first time and therefore ‘as much assistance and signposting as possible
would be helpful’. This could include adding a statement on the face of the
SDLT1 to the effect that the new questions on residence can give rise to
complexity and that users should refer to HMRC’s guidance.
The Law Society has responded
to HMRC’s consultation on the draft Stamp Duty Land Tax (Administration) (Amendment)
Regulations 2021, which are expected to introduce the 2% surcharge for
non-residents from April 2021. Among its key concerns, the Society notes that
many conveyancing solicitors will be dealing with the concept of residence for
the first time and therefore ‘as much assistance and signposting as possible
would be helpful’. This could include adding a statement on the face of the
SDLT1 to the effect that the new questions on residence can give rise to
complexity and that users should refer to HMRC’s guidance.
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