Corporate property ownership - a property acquired by a company from a director was not exempt from ATED
A recent First-tier Tribunal (FTT) case in which a taxpayer was found to have failed the 'exclusively' test for the purposes of property development trade relief, as the acquisition wasn’t solely for property development. Therefore, it did not qualify for the annual tax on enveloped dwellings (ATED) relief, nor was it excluded from the stamp duty land tax (SDLT) charge at 15%
Issues with stamp duty land tax refund claim firms
The rise in cases where firms are contacting buyers of properties after completion of a purchase, suggesting that stamp duty land tax (SDLT) has been overpaid