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STAMP DUTY LAND TAX FOR 2017/2018

8th March 2017 BUDGET PROPOSALS
AND CHANGES FOR 2017/2018 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

For residential property transactions the 2% rate threshold remains at £125,000, 5% above £250,000 and 10% above £925,000 and finally 12% over £1.5 million. Purchases of a Buy to Let property or a second residence are subject to an additional 3% stamp duty surcharge.

*Please note that residential property purchased by a non UK resident person is charged a higher rate of SDLT, 15% for properties costing over £500,000 from 20 March 2014 (the threshold was originally £2m).