SDLT exemption for residential property transactions of up to £175,000 from 3 September 2008 | Practical Law

SDLT exemption for residential property transactions of up to £175,000 from 3 September 2008 | Practical Law

The government has announced an SDLT exemption for certain land transactions consisting entirely of residential property where the chargeable consideration is up to £175,000. The exemption applies to transactions with an effective date (normally completion) after 2 September 2008 and before 3 September 2009. This measure will benefit buyers of residential property for more than £125,000 and up to £175,000 (there is already no SDLT due where the consideration is up to £125,000).

SDLT exemption for residential property transactions of up to £175,000 from 3 September 2008

by PLC Tax
Published on 02 Sep 2008 • England, Wales
The government has announced an SDLT exemption for certain land transactions consisting entirely of residential property where the chargeable consideration is up to £175,000. The exemption applies to transactions with an effective date (normally completion) after 2 September 2008 and before 3 September 2009. This measure will benefit buyers of residential property for more than £125,000 and up to £175,000 (there is already no SDLT due where the consideration is up to £125,000).