Theresa May’s announcement at the Conservative Party conference that foreign investors into the UK property market were going to be targeted with an additional SDLT levy has caused further consternation within the industry. Asserting a determination to “level the playing field” for those who live and pay taxes in the UK, the Prime Minister paved
Tag Archives: ATED
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