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Stamp Duty Land Tax Handbook

A Guide for Residential Conveyancers
Sean Randall
Availability: Published

This first edition of The Stamp Duty Land Tax Handbook – A Guide for Residential Conveyancers has been written for residential property lawyers to understand better the stamp duty rules on residential property transactions in England and Northern Ireland. 

Since 2012, there have been successive changes to the stamp duty rules on residential property transactions, resulting in a regime that is very complex. Residential property lawyers are not tax experts, yet they are reasonably expected to confirm the amount of stamp duty payable by their clients, the public.

This clearly written handbook, with an overview at the start and a summary of filing/payment obligations at the end, enables residential property lawyers to  filter complex matters requiring specialist tax advice from ordinary matters that do not. It will help practitioner's reduce costs and protect damage to reputation.

It includes an addendum of the government’s announcement on 8 July 2020 regarding the temporary increases to the SDLT nil rate bands for residential property transactions.

It offers:

  • a clear explanation of complex tax concepts,
  • warnings and helpful tips on seemingly ordinary transactions,
  • references to HMRC’s guidance manual, case law and statute,
  • a fee-earner checklist,
  • drafting and structuring recommendations,
  • a client-questionnaire tool,
  • a list of potential problem areas, and 
  • an addendum of the government’s announcement on 8 July 2020 regarding the temporary increases to the SDLT nil rate bands for residential property transactions.

Reviews

“The book is compact, yet detailed, easy to read and to navigate. It contains a lot of really practical help, including many relatable examples, warnings and tips. There is also a helpful checklist of the main areas a property lawyer is likely to encounter on a day-to-day basis and a very handy client questionnaire. This up-to-date book would be a welcome and useful edition to any law firm’s library. It could even become the ‘go to’ book for today’s busy residential property lawyer.”

Rob Hailstone, CEO, Bold Legal Group

Contents

  1. 1. The scheme of the tax, 2. Excluded transactions, 3. Freehold and leasehold transfers, 4. Common reliefs, 5. Leases, 6. Collective enfranchisement, 7. ‘Pre-completion transactions’, 8. Transfers between spouses and civil partners, 9. Gifts, assents, appropriations and appointments, 10. Right to buy transactions, shared ownership leases (etc), 11. Alternative property finance, 12. Transfers involving public bodies, 13. Options and rights of pre-emption, 14. Release of negative obligations 15 Transfers to connected companies, 16. Transfers between partners and partnerships, 17. Promote arrangements and development licences, 18. Corporate reliefs, 19. Compliance and disputes.

About the Author

Sean Randall is a tax partner at Blick Rothenberg Limited. He has 20 years’ experience advising on stamp taxes. He is the author and editor of Sergeant and Sims on Stamp Taxes (LexisNexis), a Fellow of the Chartered Institute of Taxation, the Chairman of the Stamp Taxes Practitioners Group and a former winner of ‘Tax Writer of the Year’. He has contributed to the development of government policy, tax authority practice and statute on stamp taxes, including stamp duty land tax (SDLT), over many years.

£110.00

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Category

Property and conveyancing

Published

July 2020

Publisher

The Law Society

ISBN

978 1 78446 108 9

Format

Paperback
336 Pages