In the aftermath of yesterday's 'Scrumpy' Budget were some announcements that have implications for Stamp Duty Land Tax (SDLT) – software developers in England & Wales may want to check out the links in this HMRC circular, sent out at 9:00 this morning. However how is the exemption for first time buyers is going to be policed? And how does a solicitor know that the buyer is telling the truth and does indeed qualify for the exemption?

Dear Developer

The Chancellor of the Exchequer announced in yesterday's Budget a number of measures affecting Stamp Duty Land Tax. For details, please follow the links below:


BN24 – SDLT Rate & Thresholds

http://www.hmrc.gov.uk/budget2010/bn24.htm 

BN25 – SDLT First Time Buyers

http://www.hmrc.gov.uk/budget2010/bn25.htm 

BN26 –  SDLT Partnerships 

http://www.hmrc.gov.uk/budget2010/bn26.htm

If you have any queries, please contact SDS team.

Regards,

Software Developers Support Team | Information Management Services | Benefits, Credits & Specialist Units Portfolio HM Revenue & Customs