Relief from Stamp Duty Land Tax (SDLT), is available where a charity, or a charitable trust, purchases an interest in land, subject to certain conditions.
Provision is made for relief previously granted on a transaction to be clawed back if, within three years of the transaction, the charity ceases to be a charity or uses the property for purposes other than charitable ones.
The relief is only withdrawn if the charity, or charitable trust, still owns the land at the time of the disqualifying event.
If a charity or charitable trust disposes of land which has been the subject of a claim to relief within three years there is no clawback.
Please contact the Tax Team for further advice.