Duties
Stamp Duty Land Tax
Residential Land or property
From 4th December 2014, Stamp Duty Land Tax (SDLT) is charged at each rate on the portion of the purchase price which falls within each rate band.
From 1st April 2016, if buying a residential property means you’ll own more than one, you’ll normally be subject to an additional 3% charge on the rates detailed below.
Lease rentals
Non-Residential or mixed property
Lease rentals
Where the chargeable consideration includes rent, SDLT is payable on the lease premium and on the net present value (NPV) of the rent payable.
Where the annual rent for the lease of non-residential property amounts to 1,000 or more, the 0% SDLT band is unavailable in respect of any lease premium
- Suite 1B1, Argyle House
- Telephone: 020 8449 0011
- Email: info@rosspartners.co.uk