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SDLT – Part 2
2nd March 2021 - 3:00 pm - 4:30 pm£35.00 – £50.00
Date: Tuesday 2 March 2021
Time: 1500 – 1630
Speaker: Paul Clark
Venue: Online via Zoom
Paul Clark has been a commercial property solicitor for over 40 years. He is an expert on many aspects of commercial property law and is a popular and engaging speaker.
This lecture is about A non-resident surcharge (NRS) increasing residential SDLT rates by 2% takes effect on 1 April 2021 and applies to non-resident companies buying a dwelling just as much as individuals. UK companies that pay UK corporation tax may still be non-resident for NRS purposes if shareholders live abroad. Although covered in detail in the February residential SDLT update, a brief outline needs to be given. The Covid pandemic has resulted in deals between landlords and tenants. SDLT on lease variations will also be reviewed.
Topics to be covered (in addition to NRS and lease variations) will include some recent reported cases:
- lease extensions and overlap relief
- group relief and its withdrawal
- exemption from 15%, literally construed
- the unexpectedly long reach of section 75A can inhibit deal structures