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Home › Forums › Patrick Cannon › Does market value for SDLT include VAT? › Reply To: Does market value for SDLT include VAT?

1st September 2011 at 5:18 pm #599
Sean Randall
Guest

HMRC recently argued in the context of applications for repayment of overpaid SDLT that the old para 5 Sch 4 (and other MV provisions) were subject to para 2 Sch 4. So although MV does not include VAT (as per SDLTM04140), any actual VAT must be added to MV under para 2. HMRC have since accepted that this is incorrect.