Tribunal rules public towpath exempts property from higher SDLT
Original Article Summary
A First-tier Tribunal has ruled that a £4.5 million property in Marlow with a public towpath running through it should be classified as mixed-use for Stamp Duty purposes, reducing the tax liability from £586,250 to £214,500. HMRC is considering whether to appeal the decision. The post Tribunal rules public towpath exempts property from higher SDLT appeared first on PropertyWire.
PropMatch Curated Analysis
First-tier Tribunal ruled that a £4.5m Thames-side property with public towpath qualified for mixed-use SDLT rates (£214k tax) rather than residential rates (£586k), as public access meant it wasn't 'entirely residential'.
Investor Relevance
Demonstrates how properties with public rights of way can achieve substantial SDLT savings through mixed-use classification. Critical for due diligence on acquisitions involving footpaths, bridleways, or towpaths crossing the property.
Original Source:
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