Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is the tax paid to HMRC after the purchase of a freehold, leasehold, or shared ownership property. It’s important to have this payment sorted promptly (within 14 days of completion of the sale) to avoid a penalty charge.

For standard residential purchases, SDLT is currently calculated at 0% on the first £125,000, 2% on the portion from £125,001 to £250,000, and 5% on the portion from £250,001 to £925,000. Different rules may apply for first-time buyers, additional properties, companies and non-UK residents.

Our experienced conveyancing solicitors can help ensure all the paperwork for this tax payment is filled out correctly and on time. Contact our team for further advice.