SDLT advice

What is SDLT?

Stamp Duty Land Tax (SDLT) is the tax you pay when you buy houses, flats and other land and buildings in England and Northern Ireland costing more than £125,000. (Different rules apply to Scotland and Wales).

When does Stamp Duty have to be paid?

SDLT is due when you:

Buy freehold or leasehold property
Buy a second home or rental property
Buy property through a shared ownership scheme
Take on a mortgage or buy a share in a house
Assign a lease to a new owner or when the lease is granted
Acquire land or property in exchange for payment or ‘chargeable consideration’.

SDLT does not usually apply if you are given the land or property as a gift, inherit property in a Will, or transfer ownership of a property due to separation or divorce.

SDLT is only due when the land or property being purchased is above the Stamp Duty Land Tax threshold. There are different SDLT thresholds for first time buyers, non-residential land and property, non-UK residents and purchasing additional property such as a second home.

Stamp Duty has to be paid within 14 days of completion of the sale.

Get expert SDLT advice from Moore East Midlands

Stamp Duty is a complex area. Our SDLT experts can:

Determine how much SDLT is due.
Make sure you’re paying the right amount of Stamp Duty and not paying more than you should.
Provide a second opinion if you feel too much SDLT has been paid, and help with the SDLT reclaim process.
Assist with any HMRC enquiries.