The dust has largely settled since the shock rise in SDLT rates on commercial property transactions announced in the Budget on 16 March. However, the SDLT changes still possess the power to trap the unwary – especially those who sought to avoid the increases by rushing transactions through before the Chancellor’s midnight deadline.
When HMRC published the proposals on 16 March, they confirmed – as is typical in such circumstances – that “where contracts have been exchanged but...
↧