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Thursday, June 09, 2016

SDLT anomaly for landlords renting who want to buy

It appears that as the updated SDLT laws are drafted, a landlord who lives in a house rented from someone else, who then goes on to buy a home to live in is subject to the additional 3 per cent SDLT on that purchase, despite the purchase becoming their main residence.

This can't be right? If it is, then surely an amendment is needed.

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1 comment:

blah said...

This is entirely correct, and it was pointed out in consultation submissions:

However the Treasury's consultation response basically said they realised that there's an anomaly but they don't care, so I wouldn't hold your breath for an amendment.