Stamp Duty Land Tax (SDLT) replaced the old stamp duty system on 1 December 2003 and is a direct tax payable on the purchase or transfer of property or land in the UK where the amount paid is over a certain threshold. The amount you pay depends upon a number of things such as:
The current rates are:
There are exemptions such as transactions where no money changes hands (gifts) and property left in a will. Our expert team of property lawyers can advise you whether you will need to pay SDLT or whether you will be entitled to any reliefs or exemptions.
For further advice from our experienced team contact us today. With years of experience behind us we give a friendly and professional service that ensures all of your residential property dealings are SDLT compliant.
Contact us to discuss an enquiry or a case you have or feel free to pop in and see us at your local office by clicking on the links below:
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