0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

new SDLT relief for bulk residential purchases

5 August 2011

Buyers acquiring multiple residential properties in one go may be able to pay less Stamp Duty Land Tax (SDLT) than before.

The relief was announced in the Budget earlier this year but has only recently come into force (from 19 July 2011).

Instead of the existing linked transaction rules which use the aggregate purchase price to set the rate of SDLT, this new SDLT relief uses the average price of the residential properties being bought to set the SDLT rate. For multiple residential purchases this could provide up to a 3% SDLT saving.

The relief could be great news for bulk buyers in the residential sector. But as ever with SDLT the devil is in the details, which could restrict how much relief is available to begin with or lead to claw back of relief later, depending on the circumstances.

related opinions

Employer's beware: Government announces changes to IR35

The Chancellor, Phillip Hammond, has just delivered his latest budget and with it, a significant change to the way liability for IR35 breaches will be dealt with for private sector companies from April 2020.

View blog

Leaked 'Panama Papers' reveal vast array of offshore companies and trusts

Approximately 11 million documents have been leaked from Panamanian law firm Mossack Fonseca, which specialises in commercial and trusts law…

View blog

In force: Senior Managers and Certification Regimes

This week sees the implementation of the Senior Managers and Certification Regimes as well as the Senior Insurance Managers Regime, designed to reform behaviour and promote individual accountability in the banking and insurance sectors.

View blog

Bearer shares - act now

Under the provisions of the SBEEA the holders of bearer shares have until 26 February 2016 to voluntarily surrender them to the company for conversion…

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up