HMRC have released the Stamp Taxes Newsletter: January 2022. This is our enhanced version with links to our guides and SDLT tools.

Stamp Duty Land Tax (SDLT) consultation

HMRC have published a consultation entitled 'Stamp Duty Land Tax: Mixed Property Purchases and Multiple Dwellings Relief' looking at changing the taxing provisions to:

  • Adjust the SDLT calculations for purchases that consist of both residential and non-residential property.
  • Review the appropriateness of Multiple Dwellings Relief.

See: Consultation: Stamp Duty Land Tax, Mixed-Property Purchases and Multiple Dwellings Relief. 
        SDLT: Multiple Dwelling Relief (MDR) 
        SDLT: MDR & Annexes Tool

Stamp Duty Land Tax and Freeports

Purchases of land and buildings where a site has been designated a Freeport will receive SDLT relief provided the effective date of the transaction is between designation and before 30 September 2026.

The latest freeport sites are:

  • Humber, Thames, Teesside which took effect on 19 November 2021.
  • Freeport East became a freeport on 30 December 2021.

See: Freeports: Tax breaks

Stamp Duty Land Tax temporary rates

From 1 October 2021, the SDLT tax bands reverted to their pre-8 July 2020 levels.

The nil rate band for residential purchases has now returned to £125,000.

See: SDLT: At a glance, Stamp Duty Land Tax, rates & allowances

Securitisation and insurance-linked securities

Following an earlier consultation, HMRC have published statutory instruments for technical consultation which aim to provide exemptions from Stamp Duty and Stamp Duty Reserve Tax for securitisations and for insurance-linked securities.

New regime for the taxation of qualifying asset holding companies

Stamp Duty and Stamp Duty Reserve Tax relief are to be introduced for repurchases of share and loan capital previously issued by qualifying asset holding companies.

Ipsos MORI voluntary research

An independent research agency has been appointed to help HMRC understand investment behaviour and the factors which influence those decisions.

HMRC are looking for volunteers to take part in this research.

Useful guides on this topic

Consultation: Stamp Duty Land Tax, Mixed-Property Purchases and Multiple Dwellings Relief.
HMRC have published a consultation, Stamp Duty Land Tax: Mixed-Property Purchases and Multiple Dwellings Relief. The aim is to collate views on how to achieve fair tax outcomes and to prevent Stamp Duty Land Tax abuse for mixed property transactions and for Multiple Dwellings Relief claims.

SDLT: Multiple Dwellings Relief (MDR)
What is Multiple Dwellings Relief (MDR) for Stamp Duty Land Tax purposes? When does it apply and how is it claimed?

SDLT: MDR & Annexes Tool 
Stamp Duty Land Tax (SDLT) Tool, if you are buying two or more properties in a single transaction use this tool to see if you meet the qualifying conditions and you may be able to claim both Multiple Dwellings Relief and relief from the Higher Rate Charge. 

Freeports: Tax breaks
What are Freeports? Where are they located? What are the tax advantages?

SDLT: At a glance, Stamp Duty Land Tax, rates & allowances 
What is Stamp Duty Land Tax (SDLT)? What are the rates of Stamp Duty Land Tax (SDLT)?

External Links

Stamp Taxes Newsletter: January 2022

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