From 1 June 2024, the abolition of multiple dwellings relief under stamp duty land tax (SDLT) will stop disputes about what qualifies as a separate dwelling (e.g. a granny annex). However, the scrapped tax will…
Tax implications for the bank of mum and dad
With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder. However, although help with a deposit does not raise that many tax issues, joint ownership…
Finding the right mix in mixed use properties
A recent tribunal found in HMRC’s favour when a residential property was questionably deemed mixed use. On the purchase of a mixed use property, stamp duty land tax (SDLT) is paid at non-residential rates rather…