SDLTM09555 - Scope: when is Stamp Duty Land Tax (SDLT) chargeable: higher rate charge for acquisitions of residential property by certain non-natural persons FA03/S55/SCH4A: property rental businesses FA03/SCH4A/PARA5

Where the acquisition of a chargeable interest is exclusively for the purpose of exploitation as a source of rents or other receipts in the course of a qualifying property rental business, the 17 per cent higher rate charge will not apply to the transaction.  Instead, SDLT will be charged at the higher rates 바카라 사이트“ see SDLTM09835 for more information on companies and the higher rates.

However, a further return and payment of additional SDLT will be required if the relevant rules in Withdrawal of relief (SDLTM09660) below apply.

In order to be a qualifying property rental business, the business must meet two conditions

  • it must be a property rental business as defined in Chapter 2 of Part 4, CTA 2009 (excluding the condition that the profits are chargeable to corporation tax - see PIM1020 onwards for more information), and
  • it must be carried on a commercial basis and with a view to a profit.