News

Budget 2012: Stamp Duty Land Tax

  • March 21, 2012
  • By Hunters Law

The Chancellor has announced that Stamp Duty Land Tax (“SDLT”) will increase to 7% for residential properties worth more than £2 million from midnight on 21st March 2012.

Transitional rules will apply for transactions where contracts had been exchanged prior to Budget Day, but not yet completed.

In addition, the Chancellor announced that SDLT will be charged at 15% from 21st March 2012 on residential property purchased by “non-natural” persons, including companies, collective investment schemes (including unit trusts) and partnerships in which a “non-natural” person is a partner.

Related News

Mar 27, 2020
Welcome guidance from the Government about Home Moving during the coronavirus outbreak
Mar 26, 2020
Scott Battram discusses the new electrical safety regulations and landlords in The Negotiator
Feb 19, 2020
Scott Battram examines new electrical safety regulations in Property Industry Eye
Jan 24, 2020
Scott Battram examines new electrical safety regulations in Landlord Today
Dec 10, 2019
Peter Robinson examines the risks and pitfalls of property investment schemes in Finance Monthly
Nov 27, 2019
Peter Robinson examines the risks of commercial property investment in the FTAdviser
Nov 08, 2019
The Supreme Court revisits reasonableness
Oct 31, 2019
Ben Gurluk discusses the legalities of letting in RBS Homewise
Oct 23, 2019
Peter Robinson’s article on the development of land using promotion agreements
Oct 14, 2019
Peter Robinson discusses the rectification of contracts

© Hunters Law LLP 2020 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)