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SDLT non-residents surcharge

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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.

Issue: 1512
Categories: News