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    Stamp Duty Land Tax

    Stamp Duty Land Tax needs little introduction as being the tax which is payable to the Inland Revenue on the transfer of land.

    Stamp Duty Land Tax is based on a percentage of the property price and there are four rates of tax as follows:-

    Purchase Price Rate of Stamp Duty Land Tax
    Up to £125,000.00 No SDLT payable
    £125,000.01 – £250,000.00 1% of Purchase Price
    £250,000.01 – £500,000.00 3% of Purchase Price
    £500,000.01 – £1,000,000.00 4% of Purchase Price
    Over £1,000,000.00 5% of Purchase Price

    As well as payment of Stamp Duty Land Tax you are required to submit a Land Transaction Return Form to the Inland Revenue on
    completion of your purchase. This provides the Inland Revenue with details of the transaction and the purchase price. We will
    prepare the Land Transaction Return on your behalf and will submit it to the Inland Revenue on completion.

    We are happy to discuss your requirements with you and to advise in general terms on all aspects of the transaction and the estimated legal cost. Please either contact us by telephone or email us at:

    CALL US: 0345 370 1000

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