SDLT Archives - Potts & Co

Nov 09 2024

SDLT: Higher Rate On Additional Dwellings Increased

By admin Budget Update, HMRC, Potts & Co Accountancy & Business Advice News, Property, SDLT

The stamp duty land tax (SDLT) surcharge levied on purchases of second and subsequent homes has been increased from 3% to 5% with immediate effect The higher rate applies to purchases of second homes and buy-to-let residential properties. The change applies to purchases with an effective date on or after…

Mar 19 2024

Multiple Dwellings Relief Scrapped

By admin Budget Update, HMRC, Multiple Dwellings Relief (MDR), Potts & Co Accountancy & Business Advice News, SDLT

Multiple dwellings relief (MDR) can significantly reduce the stamp duty land tax (SDLT ) payable on the purchase of two or more properties in one transaction. When a taxpayer purchases a property that consists of more than one dwelling they may claim MDR to reduce the amount of SDLT payable…

Nov 27 2022

Home Buyers Pay Less Stamp Duty

By admin HMRC, Potts & Co Accountancy & Business Advice News, Property, SDLT, Stamp Duty Land Tax

When buying a residential property in England or Northern Ireland you must pay stamp duty land tax (SDLT) if the purchase price exceeds a minimum threshold set at £125,000 since 2006. In September's mini-Budget the then Chancellor announced that the entry threshold for SDLT payable on residential properties would double…

Oct 05 2022

Tax Incentives In Investment Zones

By admin Budget Update, HMRC, National Insurance, Potts & Co Accountancy & Business Advice News, SDLT, Special Tax Relief

The Government wants to designate up to 38 areas across England as investment zones which will benefit from special tax reliefs and relaxed planning laws. The tax reliefs will include: • employers' Class 1 NIC at 0% on earnings of new employees employed in the zone for at least 60%…

SDLT

SDLT: Higher Rate On Additional Dwellings Increased

Multiple Dwellings Relief Scrapped

Home Buyers Pay Less Stamp Duty

Tax Incentives In Investment Zones

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