Mark McLaughlin looks at working from home and whether it can save stamp duty land tax on the purchase of a home.
It is common these days for individuals to work from home. For tax purposes, their attention is often focused on claiming tax relief for business expenses incurred while homeworking, or on whether capital gains tax ‘principal private residence’ relief will be restricted when the house is sold.
However, what is the stamp duty land tax (SDLT) position when a house is bought and used for ‘mixed’ (i.e. business and private) use? This article looks at the SDLT position (note: different rates, legislation etc. apply for land and buildings transaction tax purposes in Scotland, and land transaction tax in Wales).
Whether an individual’s home is purely residential or mixed (i.e. residential and