SDLTM20300 - Freeports and Investment Zones relief 鈥� meanings of dwelling and residential property
What does and doesn鈥檛 count as 鈥榬esidential property鈥� is defined for SDLT generally by section 116 of the Finance Act 2003 and covers such structures as dwellings, student accommodation and hotels.
鈥楧welling鈥� takes its natural meaning. HMRC鈥檚 guidance on this can be found at聽SDLTM00380听别迟肠.
Hotels do not count as residential property or dwellings (s116(3)(f)) and therefore may meet the 鈥榰se in a qualifying manner鈥� test.
Property used for student accommodation will rank as a dwelling (s116(2)(b)) and therefore as residential property, and will not meet the 鈥榰se in a qualifying manner test鈥� unless the accommodation takes the form of 鈥榟alls鈥� para (sub-section 3(b))
厂别别听SDLTM000375聽for more information on hotels, student accommodation, etc.