Welcome to the Stamp Taxes news page where we keep you updated on current issues affecting Stamp Duty Land Tax (SDLT), Stamp Duty Reserve Tax (SDRT) and Stamp Duty.
This news is also available as an RSS newsfeed. If you subscribe, you'll be able to view the updates directly through your newsfeed without having to come to this page.
Subscribe
to the Stamp Taxes RSS
Stamp Taxes Bulletin 1/2013 (PDF 33K)
Latest Stamp Taxes Bulletin, providing updates and topical information
Budget 2013: Stamp Taxes Measures
The Chancellor of the Exchequer announced the following Stamp Taxes measures
in his Budget on 20 March 2013.
Disadvantaged
Aread Relief will be abolished
Disadvantaged Areas Relief will be abolished for transactions with an effective
date on or after 6 April 2013. All claims to this relief must be made on or
before 5 May 2014.
The
Building Society (Core Capital Deferred Shares) Regulations 2013 (Opens new
window)
These regulations make changes to ensure that building societies core tier
one deferred share capital is taxed in the same way as ordinary share capital.
Pre-return banding checks
HM Revenue & Customs has published guidance about applying for help to
check property and valuation details for the Annual Residential Property Tax.
Authorised
Contractual (tax transparent) funds (Opens new window)
HM Treasury and HM Revenue & Customs have published updated information and
regulations
Property Taxation - Finance
Bill 2013: draft clauses for consultation
Read more information about the draft clauses on the new Annual Residential
Property Tax and changes to Stamp Duty Land Tax rules.
Disclosure of Tax Avoidance Schemes (DOTAS)
- Updated Guidance
Updated guidance is published to cover changes to the disclosure requirements
for Stamp Duty Land Tax, which come into force on 1 November 2012, and as
a consequence of the consolidation of Regulations (SI 2012/1836 and SI 2012/1868).
Contractual schemes for collective investment
- draft legislation
HM Revenue & Customs (HMRC) has published draft tax regulations for technical
comment following the consultation on contractual schemes for collective investment
which was issued in January 2012.
Statutory
Instrument: SI 2012/1667 and Explanatory Note (Opens new window)
The Stamp Duty Land Tax (Amendment to the Finance Act 2003) Regulations 2012.
Stamp
Duty Land Tax - Transfer of Rights consultation
HMRC is consulting on broad options to address Stamp Duty Land Tax avoidance
using 'transfer of rights' (often known as 'subsale') rules.
Draft legislation changing the
rules on SDLT Disclosure of Tax Avoidance Schemes
Changes to the Stamp Duty Land Tax (SDLT) Disclosure of Tax Avoidance Schemes
(DOTAS) regime. HMRC has published two sets of draft regulations for comment
on their technical effectiveness and accuracy.
New guidance notes for completing SDLT
forms now available
If you file your SDLT return on paper you'll need to use the new version of
the SDLT guidance notes which are now available.
Stamp Taxes Bulletin 2/2012
The Stamp Taxes Bulletin 2/2012 has now been published under Technical Guidance.
New SDLT6 guidance notes will be released
on 2 July 2012
HM Revenue & Customs will release new SDLT6 guidance notes for customers
who file their SDLT return on paper to use from 2 July 2012.
Stamp Duty: change to the stock transfer
form - update
A new certificate has been added to the reverse of the stock transfer form,
to be completed when a share transfer is 'otherwise' exempt from stamp duty
or no chargeable consideration is given for the transfer.
Stamp Taxes, Devolved taxation in Scotland
The Scotland Act received Royal Assent and provides the Scottish Government
with new powers to raise tax on land transactions. (see FAQs)
SDRT - HSBC Holdings PLC and the Bank of
New York Mellon Corporation v HMRC decision (PDF 64K)
HM Revenue & Customs has considered the decision in detail and decided
not to seek permission to appeal against it.
Clarification of the operative date
for the 15 per cent higher SDLT rate
The Tax Information and Impact Note contain a small error regarding the operative
date for the measure.
Stamp Duty - change to the
stock transfer form
A new certificate has been added to the reverse of the stock transfer form,
to be completed when a share transfer is 'otherwise' exempt from stamp duty
or no chargeable consideration is given for the transfer.
SDRT - HSBC Holdings PLC and the Bank of New
York Mellon Corporation v HMRC decision
Following a hearing in June 2011, a decision has been published by the First
Tier Tax Tribunal in the above case.
SDLT - Budget 2012, new rates of SDLT for
residential property transactions
In the Budget on 21 March 2012 the Chancellor announced new rates of SDLT
(Stamp Duty Land Tax) for residential property transactions where the chargeable
consideration exceeds £2 million.
Previous news items are on the National Archives website (Opens new window)
