The budget set out a number of changes to the stamp duty land tax (SDLT) regime. The changes will be made in the Finance Bill 2017-2018. 

SDLT legislation will prevent abuse of relief for replacement of a purchaser’s only or main residence, by requiring the purchaser to dispose of the whole of their former main residence, and to do so to someone who is not their spouse.

Other changes cover higher rates, the introduction of a relief for first-time buyers of residential properties costing no more than £500,000, changes to the filing and payment process, and an increase in ATED annual charges.

 

 

The budget set out a number of changes to the SDLT regime. The changes will be made in the Finance Bill 2017-2018.