Header graphic for print
Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: SDLT

Posted in Real Estate

RPI and SDLT – the silver lining of a flawed measure of inflation

With the Retail Prices Index back in the news again after rail commuters were hit by the biggest annual increase in fares for five years, the debate has resurfaced about whether it is time for the RPI to “RIP”.  The Office for National Statistics has reiterated its assertion that the index is a “flawed” measure

Posted in Real Estate News

Would you sell your own grandfather?

The dust has largely settled since the shock rise in SDLT rates on commercial property transactions announced in the Budget on 16 March.    However, the SDLT changes still possess the power to trap the unwary – especially those who sought to avoid the increases by rushing transactions through before the Chancellor’s midnight deadline. When HMRC

Posted in Real Estate News

Budget 2016: SDLT strikes soft targets

There were audible gasps at MIPIM yesterday as the Chancellor unveiled his shock raid on the commercial property industry. SDLT rates on commercial freehold and lease premium transactions have changed, so they are now applied in a similar way to residential properties. Until the Budget, the SDLT rates on commercial property applied to the whole

Posted in Real Estate News

Residential Stamp Duty Higher Rates – put your houses in order

The government has recently consulted on its proposals for higher rates of Stamp Duty Land Tax (‘SDLT’) on purchases of additional residential properties.  In summary, the proposals envisage that a purchase of a second, or further, residential property, which is not replacing a main dwelling, will incur an extra 3% of SDLT on the total

Posted in Real Estate News

SDLT to LBTT – am I bothered?

Tomorrow, Stamp Duty Land Tax will be no more – but only in Scotland.  On 1 April the new Land and Buildings Transaction Tax (LBTT) comes into force, an example of one of the revenue-raising powers devolved to Holyrood following the passage of the Scotland Act 2012.  LBTT will be administered and collected in Scotland

Posted in Real Estate News

A slice of good fortune for student and PRS investors? Impact of SDLT changes

The changes announced on 3 December to the calculation of Stamp Duty Land Tax on residential property (see Chancellor slices up SDLT) will similarly modify the way in which the tax is calculated when claiming Multiple Dwellings Relief. Before 4 December 2014, the rate of SDLT applicable to a qualifying transaction in ‘multiple dwellings’ was

Posted in Real Estate News

Chancellor slices up SDLT

The final measure announced in the Chancellor’s Autumn Statement was the one that took listeners by surprise: a major reform of Stamp Duty Land Tax on residential property transactions.  Not only that, but the changes take effect from midnight tonight (3 December). Crucially, the system has changed from a “slab” system to a “slice” system