Changes to the higher rates of Stamp Duty Land Tax for additional dwellings

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The time allowed to claim back higher rates for additional dwellings where an individual sells their old home is to be extended. Currently, a successful reclaim must be made by the latter of:

* 3 months from selling the old home
* a year from the filing date for the SDLT return for the new home.

Where the effective date of sale of the old home is on or after 29 October 2018, the time limit will be the latter of:

* 12 months from selling the old home
* a year from the filing date for the SDLT return for the new home.

The meaning of 'major interest' in land for the general purpose of higher rates for additional dwellings is also to be clarified by legislation.

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Added By: Sue Taylor on 01st Nov 2018 - 14:05
Last Updated: 01st Nov 2018 - 20:10

Number of Views: 56
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