The Finance Bill 2011 will provide a fairer system of charging SDLT for those buying property in bulk, be this blocks of flats or a number of properties off plan from a Developer.
Historically, on purchases of this type, the SDLT rate would be calculated on the global price paid often resulting in a huge SDLT bill. For some trading subsidiaries of RSLs this substantial outlay has been off putting. Once the Finance Bill receives Royal Assent, SDLT for such multiple purchases will be