COVID-19 – An exceptional circumstance for SDLT
Land Taxes » July 10, 2020
Important news for those who are looking to sell a previous main residence, to reclaim the 3% Stamp Duty Land Tax supplement paid on the purchase of their new home
HMRC have updated their manuals to confirm, if you are not able to sell your previous home within the 3 year time period during which you can reclaim the 3% supplement paid on your new home, then if the sale goes beyond the 3 year period due to exceptional circumstances, COVID-19 being one of them, you can still apply for a refund.
Great to see steps are being taken on some very specific areas such as this. If you have questions about this do get in touch with us.
Latest ArticlesDealing with tax debts in a divorce
New HMRC guidance when transferring business assets on divorce
What’s happening with Stamp Duty and what do family law solicitors need to know?
What's new on the scene for 2020-2021? Focussing on Capitals Gains Tax Changes
Why is it so hard for family law practitioners and tax practitioners to work together?