Residential Property Rates
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example, a house or flat. The rates have changed again from September 2022 to the benefit of purchasers. Generally speaking the amount you pay depends on:
when you bought the property
how much you paid for it
whether you’re eligible for relief or an exemption
Pre-September 2022 the rates were (in summary):
The new position post September 2022 is (in summary):
Worthy of note is that SDLT only applies to properties valued over £250,000.
More information is available HERE. Contact us for more information if you need it.
The information provided in this article is not intended to constitute professional advice and neither is it a recommendation. You should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.
077 8026 8027