For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important as it determines the rates at which SDLT is charged. Recently, there has been a slew of cases concerning mixed-use properties. A mixed-use property is one comprising both residential and […]
Mixed-Use Properties and SDLT Read More »
Where a property is purchased in England or Northern Ireland and the consideration exceeds the relevant threshold, stamp duty land tax will be payable. However, where the property is an additional residential property, a supplement applies. For properties in Scotland, the charge is to Land and Buildings Transaction Tax (LBTT) and in Wales, the charge
SDLT, LBTT and LTT Hit of Buying an Investment Property Read More »
First-time buyer relief may reduce the stamp duty land tax (SDLT) that a first-time buyer pays when they buy their first home in England or Northern Ireland. A similar scheme applies in Scotland for Land and Buildings Transaction Tax (LBTT), but there is no first-time buyer relief from Land Transaction Tax in Wales. This article
First-Time Buyer Relief for SDLT And Investment Property Trap Read More »
Stamp Duty Land Tax (SDLT) is payable where property is acquired in England and Northern Ireland. Land and Building Transaction Tax (LBTT) is payable in Scotland and Land Transaction Tax (LTT) is payable in Wales, SDLT is payable where the chargeable consideration exceeds the relevant threshold at the rates applicable to each slice of the
Temporary increase in SDLT residential property threshold Read More »
