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WHAT IS STAMP DUTY LAND TAX?

Stamp Duty Land Tax (SDLT) is a progressive tax paid when purchasing  leasehold, freehold or shared ownership real estate over £125,000 USD in values. For more information, or to find out about our investment opportunities benefiting from a significant stamp duty saving, contact us now.

WHY WAS A STAMP DUTY applied

In April 2020, the Stamp Duty Land Tax (SDLT) started at 3% for homes valued from $125,000 up to 15% for houses valued over $1 million. On the 8th of July 2020, a temporary stamp duty holiday was announced to support the housing market amidst COVID-19. The result was flourishing property price growth and a surge of new activity with renewed investor confidence.

HOW DO I REDUCE STAMP DUTY TAX?

Stamp duty tax is only payable on your property’s permanent building fixtures. This means that if you have removable fixtures and fittings such as fridges, sofas, freestanding wardrobes, curtains and carpets they are not subject to the SDLT tax. You can therefore subtract these items from the total property price.