SDLT

Question 1

What is SDLT

Answer 1

Stamp Duty Land Tax - Finance Act 2006
Tax payable upon purchase of land or buildings within 14 days of purchase

Question 2

What releif does FTB have for resi

Answer 2

First Time buyer if purchase is:
* Less than £300k - 0%
* 300 - 500k - 5% on remainder
* 500k or more - NO RELIEF

Question 3

SDLT rates for resi

Answer 3

• Up to 125k - 0%
• 125,001 - 250k - 2% (next 125k)
• 250,001 - 925k - 5% (next 675k)
• 925,001 - 1.5m - 10% (next 575k)
• 1.5m over - 12% (Remaining portion)

Question 4

SDLT rates for commercial

Answer 4

Freehold
* Up to 150k - 0%
* 150,001 to 250k - 2%
* Above 250k - 5%

Leasehold
* Up to 150k - 0%
* 150,001 to 5m - 1%
* Above 5m - 2%