SDLT Flashcards
1
Q
What type of relief is there for SDLT?
A
First time buyers for purchases under £500,000
Multiple dwelling relief for multiple property purchase
2
Q
What is the threshold for commercial SDLT?
A
£150,000
3
Q
What are the thresholds for residential SDLT?
A
£125,000
Different bandings were adopted temporarily
4
Q
What type of relief is there for SDLT?
A
First time buyers for purchases under £500,000
Multiple dwelling relief for multiple property purchase
5
Q
What are the typical rates for SDLT?
A
2% £1250,000-£250,000
5% £250,000-£925,000
10% £925,000-£1.5mil
12% £1.5 mil+
6
Q
How long do you have
A
You must send an SDLT return to HMRC and pay the tax within 14 days of completion.
