Category: SDLT Returns

Stamp Duty Land Tax Second Home

Stamp Duty Land Tax on the Second Home

If you’re purchasing a buy-to-let property or a second home in the UK, you’ll need to pay a stamp duty land tax surcharge. The stamp duty land tax (SDLT) surcharge on second homes is an additional 3% on top of the regular residential stamp duty rate you would pay. However, as is usual with taxes,…
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Taxes when selling property UK

Taxes when selling a property in the UK

Taxes associated with UK property ownership are plenty and can be quite complicated. Let’s take for example taxes you need to pay when you are selling your property in the UK. Do you need to pay any taxes, and if yes – which ones? There are two UK property taxes – capital gains tax and…
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How to reclaim Stamp Duty Land Tax

How to reclaim Stamp Duty Land Tax

Stamp Duty Land Tax is a big part of the property buying process in the United Kingdom. It is a tax that every homebuyer or commercial property buyer has to pay, and the amount is usually a significant expenditure. Besides having to follow the SDLT rates, the amount you pay when you purchase a property…
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History of Stamp Duty Land Tax

A Brief History of the Stamp Duty Land Tax

This article presents the history of Stamp Duty Land Tax, and how this property tax changed over the years in the United Kingdom. Stamp Duty was first introduced in England in 1694 to help fund the war with France. It originally imposed tax duties on a range of legal documents, such as cheques, property and…
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Stamp Duty Land Tax exemptions and reliefs explained

Last time we looked at the stamp duty land tax (SDLT) situation from an overall perspective. Every property sold in the UK for more than £40,000 is assessed for SDLT and the amounts due are to be reported and paid to HMRC within 14 days of completion. We looked at some examples of sales at…
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2021-2022 Stamp Duty Land Tax Rates in the UK

When you purchase a property in the UK a tax or duty is payable to HMRC. Known officially as stamp duty land tax (SDLT), this is a tax that was significantly changed from its predecessor, Stamp Duty. The UK government renamed and relaunched the tax in December 2003 and displayed the new rules and rates…
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