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tkctommy

What's a SDLT form and when should I do it after contract completion in a property buying?

What's is SDLT form? Where should I return the form? How to complete it?

Asked on Feb 22 2011, General in Cardiff | Report content

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    Arthur Ble...

    Stamp Duty Land Tax (SDLT) is a tax payable on some property transactions. There may be relief if the property is in a poor area this can be checked if the post code is known. Also first time buyers can have relief. Otherwise the tax may be mitigated if say fixtures and fittings are purchased seperately to the property itself. The deal will show on Land Registry so the Inland revenue can check what was paid. These matters are best considered before contracts are exchanged. When doing homebuyers surveys I try to consider the impact SDLT will have on the transaction. Just doing this potentially could save a client more than the cost of my survey.

    Answered on Feb 24 2011, Report content
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