Land & Buildings Transaction Tax & The Additional Dwelling Supplement - An Update
There are many new developments in relation to LBTT and the Additional Dwelling Supplement ADS which practitioners need to be aware of. The distinction between residential and non-residential land is an important current topic given the divergence between the rates of LBTT for residential and non-residential property. There are many tricks and traps in relation to the ADS which have become even more important since the change from 3% to 4% which took effect from 25 January 2019.
There are also a number of issues to consider in relation to three yearly lease review returns which have to be submitted every 3 years, as well as on the assignation and renunciation and when it a lease terminates for any other reason.
This seminar will bring you up to date on all these key LBTT and ADS issues, as well as covering the partnership rules and LBTT reliefs.
What You Will Learn
This course will cover the following:
- Structure and Rates
- The main differences between LBTT and SDLT
- LBTT on retail licences to occupy
- The LBTT targeted sub-sale relief
- LBTT and leases
- Transitional rules
Please let us know if you wish to be notified when new dates are added for this programme