Since the reduction of the threshold for ATED and Higher Rate SDLT to £500,000 a number of housing co-operatives have come within scope of these taxes - unintentionally, we believe, putting financial viability of both existing and new co-operatives under threat. We have worked together with Co-operatives UK to produce this paper, submitted to the Treasury as part of the Budget representation process.
Unfortunately our comments in this consultation response were not taken up by the government, but our position remains that co-operative homes should be taxed in the same was as individually owned homes.