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HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
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Scope: when is Stamp Duty Land Tax (SDLT) chargeable: higher rate charge for acquisitions of residential property by certain non-natural persons FA03/S55/SCH4A:

Withdrawal of relief - financial institutions acquiring dwellings in the course of lending FA03/SCH4A/PARA5I

Withdrawal of relief will occur where one of the following conditions is not met within the three year control period

  • the purchaser continues to be a financial institution that is carrying on a business that involves the lending of money, and
  • the interest is held by the purchaser for the purposes of resale in the course of that business.