SDLTM09586 - Use for the purposes of a relievable trade FA03/Sch4A/Para5

Where the acquisition of a chargeable interest is exclusively for the purposes of a relievable trade, the 17 percent higher rate charge will not apply to the transaction.  Instead, SDLT will be charged at the higher rates – see SDLTM09835 Higher rates for additional dwellings: purchases by companies and other non-individuals for more information.

A trade is a relievable trade if it is run on a commercial basis and with a view to profit.

Relief will be withdrawn and a further return and payment of SDLT due if, during the control period, the rules at SDLTM09660 apply.