New stamp duty rules more complex than I thought!

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    New stamp duty rules more complex than I thought!

    I must admit I don't remember reading about this aspect of the new rules and may have given people the wrong advice! See http://www.telegraph.co.uk/tax/news/...verpaid-13000/

    #2
    Astonishing...never read before; a lot of people must have overpaid!

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      #3
      and a lot of companies must have underpaid their UK taxes and reported their profit in another offshore tax centre . e.g amazon

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        #4
        Hi Guys, my first post

        Not sure why there is confusion over this, the wording on the uk.gov website is pretty clear:

        The higher rates will apply to most purchases of additional residential properties in England, Wales and Northern Ireland where, at the end of the day of the transaction, individual purchasers own two or more residential properties and are not replacing their main residence
        They even have flow chart to follow...

        SDLT-diagram.jpg

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          #5
          Except that isn't actually the case - which is what the first post points out.

          There's no branch on the flow chart that says Did you sell your main residence before November 2015?
          When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
          Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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            #6
            It is 36 months not 18 months time limit. Regards Peter

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