• Rose and Rose Solicitors

SDLT clarification sought on mixed-use properties

Owners of mixed-use properties will know that the Stamp Duty Land Tax charged on commercial properties is not the same as that charged on residential properties.

There is also considerable confusion over the definitions used in different parts of statute law as to what 'commercial' as opposed to 'residential' property is and over details relating to completion and occupation of buildings, planning status and the treatment of land associated with buildings.

The Chartered Institute of Taxation has been in discussion with HM Revenue and Customs in a bid to iron out some of the uncertainty in these areas and a consultative process is now in train with a view to issuing revised guidance in the near future.

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