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SDLTM24745 | Withdrawal of Relief

From HM Revenue & Customs · Stamp Duty Land Tax Manual

Seeding relief may be withdrawn where:

  • a fund/purchaser ceases to qualify as a PAIF/CoCS. See SDLTM24750

  • a RIF converts to a CoACS and the RIF did not meet the ‘Genuine Diversity of Ownership’ condition or the non-close condition, other than by relying solely on a ‘grace period’. See SDLTM24780

  • the fund/purchaser fails to meet the ‘Portfolio Test’ at any time before the end of the seeding period. See SDLTM25765

  • the vendor makes a ‘relevant disposal’. See SDLTM24770

  • a purchased property is a Dwelling Occupied by a Non-Qualifying Individual. See SDLTM24775

  • the fund/purchaser is a CoACS, and that fund ceases to meet the ‘Genuine Diversity of Ownership’ condition. See SDLTM24780

Where relief is withdrawn, a further land transaction return will be required. See SDLTM50400 .