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We’re all going on an SDLT holiday
Key points
- Stamp duty land tax is payable by the purchaser within 14 days of the effective date – time is of the essence.
- The amount of SDLT due will depend on the profile of each purchaser the nature of the property acquired and whether any reliefs are available. These issues can be judgemental.
- The residential SDLT bands changed with effect from 23 September 2022.
- Applying the right rates of claiming reliefs could save thousands of pounds.
- There is a 12-month amendment window so all is not necessarily lost if a valid claim has been missed.
Despite the lifting of many Covid-related travel restrictions many Brits have discovered or rekindled a love of staycationing during the pandemic and this trend is expected to continue especially as international travel chaos continued over the summer months and in light of the squeeze on budgets as a result of the...
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