Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT?

Home Forums Patrick Cannon Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #949 Reply
    Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT? by Patrick Cannon 2William Chalk
    Guest

    Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT where the trust purchases a property for the disabled person to occupy?
    If so, and the property costs less than £300,000, does it follow that if the beneficiary of the trust is a first time buyer, no SDLT will be payable under the new rules for first time buyers?

    #950 Reply
    Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT? by Patrick Cannon 3Patrick
    Guest

    William, the relief applies to purchasers who are individuals and there is no provision that deems purchasers who are the trustees of a settlement to be the beneficiary for the purposes of the relief. The position would be different in the case of a bare trust.

Viewing 2 posts - 1 through 2 (of 2 total)
Reply To: Does a disabled person’s settlement qualify as a life interest trust for the purposes of SDLT?
Your information: