Tag: tax

Stamp Duty Land Tax Filing Period

The Stamp Duty Land Tax (Administration) (Amendment) Regulations 2018 have amended the time limit for filing an SDLT return and for paying SDLT due in respect of a land transaction. The time period has been reduced from 30 days to 14 days and will be effective from 1 March 2019.

Chancellor’s Autumn Statement introduces increased SDLT rates for second homes and buy-to-let properties

From 1 April 2016, higher rates of SDLT (Stamp Duty Land Tax) will apply to the purchase of second homes and buy-to-let properties where the chargeable consideration exceeds £40,000 – as announced in the Chancellor’s Autumn Statement. What are the higher rates? The higher rates will be 3% above the current SDLT rates for residential property. …