The main points to note about the interaction of stamp duty land tax (SDLT) and VAT are as follows:

awhere VAT is payable compulsorily (e.g. on the sale of the freehold of a ‘new’ commercial building or work), SDLT is chargeable on the gross purchase price, including VAT, except in the case of an exchange (FA 2003, Sch. 4, para. 2);

bwhere VAT is payable because the seller has opted to tax the property, SDLT is similarly chargeable on the gross purchase price, premium or rent, including VAT, except in the case of an exchange (FA 2003, Sch. 4, para. 2);

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.