Julie Butler discusses the tax planning opportunities available to purchasers of mixed residential and commercial properties, particularly in the farming community
A new higher set of stamp duty land tax (SDLT) rates ('surcharge rates') was applied to dwellings that qualify as 'additional residential properties' (ARPs) from
1 April 2016. As well as the buy-to-let (BTL) properties and second homes to which the Autumn Statement referred, the surcharge
will apply to all purchases of dwellings by companies, commercial partnerships, and trustees of discretionary trusts.
The legislation to apply the SDLT supplement is contained in clause 117 of...
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