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SDLT surcharge: consultation on returns

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HMRC has published draft regulations for consultation. The draft Stamp Duty Land Tax (Administration) (Amendment) Regulations 2021 set out proposed changes to the SDLT return as a result of the non-resident SDLT surcharge which will apply from 1 April 2021. The surcharge will affect non-UK residents purchasing residential property in England and Northern Ireland, and HMRC invites comments from stakeholders including conveyancers and other professionals who make SDLT paper returns. The consultation closes at 11.45pm on 23 November 2020. HMRC has also published a tax information and impact note to explain the effect of the regulations.

Issue: 1507
Categories: News