Website Cookie Policy

We use cookies to give you the best possible online experience. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website.
See our cookie policy for more information.

Practice Areas

More Information

thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

FOLLOW WRIGLEYS:

Send us an enquiry
Close

Will cohousing groups need to pay more tax?

22 January 2016

Respond to the consultation on changes to SDLT before 1 February 2016.

The government is currently undergoing a consultation on changes to SDLT.  SDLT is the tax which is paid by the buyer when property is purchased.    One of the proposed changes is that a corporate vehicle (such as a company) would pay a higher rate of SDLT when purchasing its first residential property.  This would mean that cohousing groups who buy existing residential property for development would need to pay more tax on the purchase.

It would mean an extra 3% on the purchase price would need to be paid to the government for the additional SDLT charge.  For example, for a residential property costing £750,000, the SDLT payable would increase from £27,500 to £50,000. 

Wrigleys has drafted a suggested response to the consultation. Please contact us for a copy.

Responses should be emailed to sdltadditionalproperties@hmtreasury.gsi.gov.uk by 1 February 2016, when the consultation closes.  We recommend you submit it by 31 January 2016 to make sure your response is received in time.

For more information about Wrigleys' advice in this area, please click here

 

Laura Moss View Biography

Laura Moss

Partner
Leeds

Emma Ridge View Biography

Emma Ridge

Partner
Leeds

04 Jun 2025
Alacoque Marvin Headshot

Martyn’s Law: What academy trusts need to know

Preparing schools for new security duties under the Terrorism (Protection of Premises) Act 2025.

29 May 2025
Marie-Louise Hamilton Headshot

Celebrating five promotions across Wrigleys Solicitors

We’re delighted to announce five well-earned promotions, reflecting our commitment to nurturing expertise and supporting career progression.

22 May 2025
 Alexandria Evans Headshot

Part-time worker claims: part-time status must be the “sole reason” for less favourable treatment, EAT confirms

In this article, we look at the recent case of Mireku v London Underground Ltd [2025] EAT 57 and its impact on less favourable treatment claims.