Autumn Budget 2024 – Higher rates of SDLT

Autumn Budget 2024 – Higher rates of SDLT

by | Oct 31, 2024 | Stamp Duty Land Tax

It was announced as part of the Budget measures that the higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties will increase to 5% (from 3%) for transactions with an effective date on or after 31 October 2024. This applies to...
Higher rates of SDLT on residential property

Higher rates of SDLT on residential property

by | Sep 12, 2024 | Stamp Duty Land Tax

The higher rates of Stamp Duty Land Tax (SDLT) were introduced on 1 April 2016 and apply to purchases of additional residential property such as buy to let properties and second homes. The higher rate is 3% higher than the regular SDLT rates and applies to the...
Multiple Dwellings Relief for SDLT

Multiple Dwellings Relief for SDLT

by | Jun 13, 2024 | Stamp Duty Land Tax

It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR) was being abolished. This change has now come into effect for transactions which complete, or substantially perform on or after 1 June 2024. The MDR relief applied to property...
Stamp Duty on shared ownership property

Stamp Duty on shared ownership property

by | Apr 27, 2023 | Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is payable whether you buy a freehold property, a new or existing leasehold property or a shared ownership property. SDLT has been replaced in Scotland by the Land and Buildings Transaction Tax and in Wales by the Land Transaction Tax....
ATED for non-resident companies

ATED for non-resident companies

by | Feb 2, 2023 | Stamp Duty Land Tax

The Annual Tax on Enveloped Dwellings (ATED) came into effect from 1 April 2013. The tax applies to certain Non-Natural Persons (NNPs) that own interests in dwellings valued at more than £500,000. These provisions affect most companies, partnerships with company...