Stamp Duty Land Tax

The extra 3% stamp duty land tax (SDLT) will apply to purchases of additional residential properties from 1stĀ April 2016. Following consultation there will be no exemption from the higher rates for significant investors. Purchasers will have 36 months (rather than 18 months as originally proposed) to claim a refund of the higher rate if they buy a new main residence before disposing of their previous main residence.

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