Stamp Duty Land Tax Archives

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 03 2022

Home Buyers To Pay Less Stamp Duty

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

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

Apr 02 2021

SDLT Surcharge For Non-Residents

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

Stamp duty land tax (SDLT) applies to purchases of most land and buildings in England and Northern Ireland. Wales and Scotland impose different land taxes. For purchases of residential property completed from 1 April 2021, a 2% surcharge will apply where any of the joint purchasers are not UK-resident. This…

Sep 07 2020

Tax Reduction When Buying Homes

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

Buying or selling a home is always stressful but the process has been made a little easier for buyers as the starting point at which stamp duty becomes payable has been temporarily raised. Purchasers in England and Northern Ireland pay stamp duty land tax (SDLT) which currently only applies to…

Mar 18 2020

Surcharge on Home Purchases

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

Stamp duty land tax (SDLT) is payable on the purchase of property in England and Northern Ireland; Scotland and Wales levy their own taxes for property purchases in those countries. The UK government wants to tackle the perceived problem of overseas buyers acquiring homes in the UK which are rented…

Mar 10 2019

Tax Rates & Deadlines For Property

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

The government has shortened the period for paying SDLT from 30 days to 14 days. New Deadlines The government has shortened the period for paying stamp duty land tax (SDLT) from 30 days to 14 days after the effective date for land or property transactions completed on or after 1…

Nov 11 2018

Relief For First-Time Buyers

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

Stamp duty land tax (SDLT) is payable at rates ranging from 2% to 12% when you buy a residential property for £125,000 or more. Higher rates apply to the purchase of second homes and property acquisitions by companies. If a residential property worth up to £500,000 is purchased by one…

Dec 04 2017

SDLT Help For First-Time Buyers

By admin Budget Update, Personal Tax, Potts & Co Accountancy & Business Advice News, Stamp Duty Land Tax

First-time buyers can now take advantage of a permanent exemption from stamp duty land tax (SDLT) when purchasing a property which they intend to occupy as their main home. The exemption removes the SDLT charge for the first £300,000 of the purchase price, for deals completed on and after 22…

Jun 07 2017

Reclaiming the SDLT supplement

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

If you have bought a house since 1 April 2016 you may have paid a stamp duty land tax (SDLT) supplement of 3% on the entire value. Generally, the supplement is not payable where your main home is replaced, even if you end up owning more than one residential property.…

Stamp Duty Land Tax

Home Buyers Pay Less Stamp Duty

Home Buyers To Pay Less Stamp Duty

SDLT Surcharge For Non-Residents

Tax Reduction When Buying Homes

Surcharge on Home Purchases

Tax Rates & Deadlines For Property

Relief For First-Time Buyers

SDLT Help For First-Time Buyers

Reclaiming the SDLT supplement

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