Policy paper

Stamp Duty Land Tax: property investment funds

This applies to managers of and investors in property authorised investment funds (PAIFs) and co‑ownership authorised contractual schemes (CoACSs).


Draft clause 50

Draft explanatory notes clause 50

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This legislation will introduce a 100% relief from Stamp Duty Land Tax (SDLT) for the initial transfer of properties into an authorised PAIF or CoACS. It also introduces changes to the SDLT treatment of CoACSs, so that an SDLT charge does not arise on transactions in units.

Published 9 December 2015