SDLTM24755 | Withdrawal of Relief: Conversion of a RIF to a CoACS

A RIF and a CoACS are both types of CoCS and for SDLT purposes, both schemes are treated as companies. Therefore, on conversion from a RIF to a CoACS, there is no SDLT charge because there is in effect no land transaction.

Seeding relief is available for both types of scheme.

Seeding relief will be withdrawn on conversion when the RIF did not meet the GDO condition or non-close condition, other than by relying solely on a ‘grace period’. See SDLTM24780