HMRC has published its Stamp Taxes Newsletter for January 2021, covering the following—
the SDRT 1.5% charge on issues of UK shares (or transfers integral to capital raising) remains disapplied under the terms of the European Union (Withdrawal) Act 2018 following the end of the transition period. HMRC confirms that this will remain the position unless the stamp taxes on shares legislation is amended;
the stamp duty land tax (SDLT) 2% surcharge for non-UK resident purchasers of residential property, noting the new SDLT residence tests and the revised form SDLT1 from 1 April 2021;
the phasing out of document exchange (DX) for SDLT returns from April 2021; and
summaries of recent cases involving the SDLT higher rates for additional dwellings and the 15% rate for acquisitions of high-value residential property by companies, and ATED late-filing penalties and property developer relief.
HMRC has published its Stamp Taxes Newsletter for January 2021, covering the following—
the SDRT 1.5% charge on issues of UK shares (or transfers integral to capital raising) remains disapplied under the terms of the European Union (Withdrawal) Act 2018 following the end of the transition period. HMRC confirms that this will remain the position unless the stamp taxes on shares legislation is amended;
the stamp duty land tax (SDLT) 2% surcharge for non-UK resident purchasers of residential property, noting the new SDLT residence tests and the revised form SDLT1 from 1 April 2021;
the phasing out of document exchange (DX) for SDLT returns from April 2021; and
summaries of recent cases involving the SDLT higher rates for additional dwellings and the 15% rate for acquisitions of high-value residential property by companies, and ATED late-filing penalties and property developer relief.
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