UK Land Taxes Refresher and Update

The payment of Stamp Taxes is often an area that is left to lawyers to deal with but we are increasing seeing more complex issues being referred to accountants.  However, whoever deals with this it is important to understand the basic provisions when advising clients so that you do not inadvertently create a liability.  There are certain key areas which need to be understood. 

The tax we will focus on is Stamp Duty Land Tax but we will also consider the differences which apply for Land and Buildings Transactions Tax (applying in Scotland) and Land Transaction Tax (applying in Wales)

The course will cover:

• Introduction to the basics of SDLT, LBTT and LTT
• When the higher rates of duty might apply and how they can be avoided
• Transactions involving partnerships
• Reliefs available and how they can be claimed
• Current compliance initiatives and the 2% supplement for non-residents applying for SDLT purposes