Finally it has fallen to the PRA to bring some clarity to the transitional arrangements for our stamp duty changes.  We can pay the reduced 2% amount and make our return, but Revenue won't issue a stamp certificate.  Instead we will have to send letters to the PRA with our deeds, asking for time.  If the stamp certificate issues and arrives in to the PRA by 31 January 2018, everything is fine.  If not, your dealing will be rejected and you are back to square one.  A whole rigmarole that could easily have been avoided with some basic consultation. Phew!

A word of warning - expect a late surprise from the minister in this Finance Act.  The numbers are not adding up for his predictions and property holding SPVs could be targeted. 

The lost art of stamp duty planning could be in vogue again soon!