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  • Tax

    SDLT Question

    If you have multiple houses and a commercial unit all on one title would the purchase count as mixed use and commercial rates of SDLT apply?

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    If you use the HMRC SDLT calculator you would have to enter it as commercial so i am 99% sure you will pay  the lower rate

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    Agree - non residential element therefore commercial rates apply.

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA

    also i believe and this might need double checking as i've only been told but not done yet. If you buy more than 6 properties in one go it counts as commercial too - so split title into 6 units (bit of land or 2 bits of land might make up the 6, not sure if you grant leases too that freehold can be one of the 6.

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    regards Andrew Peers - property investor / sourcer - 07912674181

    a.peers@seamlessproperty.co.uk

    Property Redress Scheme Number 011436     NLA member 174404

    Yes it would class as commercial for SDLT purposes.  Was talking about it last night with accountants.

    Slightly different topic - understand 6 flats can be classed as commercial and moved into a SSAS - need to check this.

    Anyone out there an expert on SSAS rules?  Trying to do a JV on some land held by my pension fund which I am looking to build 6 houses on.  Have been told it can’t be done.  Don’t like the word CAN’T!

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    Thanks all for the replies. With regard to the SDLT on six properties, I bought a house converted into six permanent flats last year and paid commercial SDLT.

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    I would always compare the commercial with the residential with multiple dwelling relief and see which comes out lowest.

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA