Charities get SDLT concession on jointly owned land

Stamp duty land tax (SDLT) received a mention in the Chancellor’s autumn statement last week; Finance Bill 2014 draft clauses published earlier today added more meat to the bones.

Charities relief

As suggested in the autumn statement, the new legislation confirms that partial relief from SDLT is available where a charity purchases an interest in land jointly, as tenants in common, with a non-charity purchaser.

As highlighted in a new overview of the proposed legislation, charities will be able to claim relief on the proportion of the purchase attributable to it.

The change will...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.