stamp duty land tax


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stamp duty land tax (SDLT)

an AD VALOREM tax introduced on 1 December 2003 to replace stamp duty on land transactions. It is much wider in scope than stamp duty and applies on an acquisition, whether or not there is an instrument effecting the transaction. The tax is payable by the purchaser. An acquisition of land is given a very wide meaning so that it includes surrenders and variations of interests. The territorial scope of the tax is limited to land in the UK and the residence of the parties to the transaction is irrelevant.
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A prospective purchaser has asked whether I would agree to sell the paddock separately as this will result in reducing the stamp duty land tax liability payable by him on the purchase of the house.
Ignore your buyer's bid to evade stamp duty; Property lawyer Terry Saffin answers more questions from homeowners and would-be owners
A senior official from Her Majesty's Revenue & Customs has spent two days working with Warwickshire-based Lodders to see for himself the issues that stamp duty land tax has created both for property lawyers and their clients.
Lodders welcomes top Revenue man
A spokeswoman said: 'The Stamp Duty Land Tax zero- rate threshold has not been updated since 1993, when average house prices stood at pounds 64,000.
WHAT'S IN RED BOX?
"In spring 2015, I will be publishing consultations on the Welsh replacements for stamp duty land tax and landll tax, to prepare the ground for legislation early in the next Assembly term.
Minister pledges to consult on tax powers
We also need a reform of stamp duty land tax thresholds.
THE list of words used to describe the property [...]
A senior official from Her Majesty's Revenue & Customs (HMRC) has spent two days working with Warwickshire law firm Lodders to see for himself the issues that Stamp Duty Land Tax (SDLT) has created both for property lawyers and their clients.
HMRC goes hands-on at Lodders
I have inherited a house from my grandmother and have been told I will have to pay stamp duty land tax when the property is transferred from her name to mine.
Emyr Pierce
First-time buyers were faced with a bill for Stamp Duty Land Tax, to give stamp duty its official name.
Some confusion over stamp duty exemption; First-time buyers paying up to pounds 250,000 for their home are exempt from stamp duty. Terry Saffin explains how the relief applies
Stamp Duty Land Tax (SDLT) is still causing problems for developers nearly two years after it was introduced, according to Simon Littlejohns, tax partner at accountants and business advisers PKF (UK) in Birmingham.
Commercial Property: Devil is in detail with stamp duty
A UK Treasury spokeswoman: "Stamp Duty Land Tax (SDLT) is a progressive tax.
Treasury's 'no' to Welsh Tories' stamp duty plan

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