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…

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%…

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…

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…

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…

Sep 11 2018

Reclaim SDLT, LTT or LBTT

By admin Personal Tax, Potts & Co Accountancy & Business Advice News, Welsh Land Taxes

If you have acquired a new home since 1 April 2016 you should be aware of the 3% stamp duty land tax (SDLT) supplement which applies to purchases of second and additional homes. This 3% supplement was copied in Scotland for land and buildings tax (LBTT) and in Wales for…

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.…

SDLT

SDLT: Higher Rate On Additional Dwellings Increased

Home Buyers Pay Less Stamp Duty

Tax Incentives In Investment Zones

Home Buyers To Pay Less Stamp Duty

Surcharge on Home Purchases

Relief For First-Time Buyers

Reclaim SDLT, LTT or LBTT

SDLT Help For First-Time Buyers

Reclaiming the SDLT supplement

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