Stamp duty relief on outright purchase

We are thinking of purchasing 5 properties. We did some research and found that if you are provider of social housing you get SDLT relief. However, there is some ambiguity whether the Council considers as for profit” or “not for profit” organisation. Hence, can be classified as of provider of social housing 

I would like to whether any other council has done outright purchase and received SDLT relief. If yes, on what basis.

Thank you.

Parents
  • Response 2: ‘Registered social landlord’ as used by HMRC is the old fashioned term for what are now defined as ‘registered providers’ (RPs).

    Most local authorities are RPs and this presumably includes all with retained housing stock and who retain an HRA. The Regulator of Social Housing has the definitive list of RPs on their web-site.

    I don't think there are, or could be, any ‘for profit’ ALMOs. Nor do I think there can be any ambiguity about local authorities which are not ‘for profit’.

    When I worked for a local authority we purchased quite a lot of property and we never obtained complete SDLT relief. However, there are issues such as multiple dwellings relief, which make it worthwhile to get some specialist advice, eg Capita, PWC, etc. My authority subscribed to a tax advisory service provided by one of these consultants and if you have access to this type of service this is the quickest source of expert advice. SDLT is surprisingly complicated and few councils have much expertise either in their finance or legal departments.

Reply
  • Response 2: ‘Registered social landlord’ as used by HMRC is the old fashioned term for what are now defined as ‘registered providers’ (RPs).

    Most local authorities are RPs and this presumably includes all with retained housing stock and who retain an HRA. The Regulator of Social Housing has the definitive list of RPs on their web-site.

    I don't think there are, or could be, any ‘for profit’ ALMOs. Nor do I think there can be any ambiguity about local authorities which are not ‘for profit’.

    When I worked for a local authority we purchased quite a lot of property and we never obtained complete SDLT relief. However, there are issues such as multiple dwellings relief, which make it worthwhile to get some specialist advice, eg Capita, PWC, etc. My authority subscribed to a tax advisory service provided by one of these consultants and if you have access to this type of service this is the quickest source of expert advice. SDLT is surprisingly complicated and few councils have much expertise either in their finance or legal departments.

Children
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