Stamp Duty Land Tax (SDLT) Increase For High Value Residential Properties

Posted: Wednesday, 6 April 2011 @ 12:20
Stamp Duty Land Tax (SDLT) Increase For High Value Residential Properties

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From today (6 April 2011) residential property with a purchase price of more than £1m will be subject to a higher Stamp Duty Land Tax (SDLT) rate of 5%.

This increase only applies to land which consists entirely of residential property. It does not apply to commercial or mixed used property where the SDLT rate remains at 4%

Steve Petty
Commercial Property Solicitor
01926 629 005

This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.

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