The pace of house price rises may be slowing, but more and more homebuyers are having to pay stamp duty land tax (SDLT).
HM Revenue & Customs (HMRC) saw receipts rise from £8.23bn in 2016 to £9bn in 2017, despite a fall in the number of transactions, this is generally accredited to the 3% surcharge on second homes and buy-to-lets.
Your individual circumstances, as well as the specific characteristics of the property being acquired, may reduce the amount of SDLT payable.
If you would like advice/assistance with regard to your property purchase, then please contact –
David Buck or James Cornish on 01788 539000