HMRC Crackdown on BTL and Other Second Homes Transactions Helps Drive 88% Surge in SDLT Investigations

HMRC crackdown on BTL and other second homes transactions helps drive 88% surge in SDLT investigations

HM Revenue & Customs has intensified its scrutiny of property transactions, with Stamp Duty Land Tax (SDLT) investigations rising 88% to 3,035 in 2024/25*, up from 1,617 the previous year, new research from accountants and business advisors Lubbock Fine shows. The additional SDLT rate for second properties was increased from 3% to 5% in October 2024. This has created a greater financial incentive for purchasers of a second property to mislead HM…

HMRC Stamp Duty investigations double in a year

Angela Rayner case has increased scrutiny of the accuracy of Stamp Duty payments, with the taxman recovering £201m in just twelve months.