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