Alternative property finance has developed at a fast pace over recent years. The SDLT exemptions for alternative property finance that were introduced in 2005 need to be updated to give parity with conventional mortgages. The incidence of punitive SDLT charges and ATED to ‘part-own’ alternative property arrangements is wrong. Without change, SDLT will distort the market and prevent start-ups launching, restricting consumer choice.
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Alternative property finance has developed at a fast pace over recent years. The SDLT exemptions for alternative property finance that were introduced in 2005 need to be updated to give parity with conventional mortgages. The incidence of punitive SDLT charges and ATED to ‘part-own’ alternative property arrangements is wrong. Without change, SDLT will distort the market and prevent start-ups launching, restricting consumer choice.
If you are not a subscriber, subscribe now to read this content.
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