SDLT

  • Stamp Duty Land Tax reformed in 3 December 2014
  • A progressive increase in Stamp duty
  • Formerly an unfair slab Tax which previously distored and stifled the housing market just below each threshold.
  • The scale from December 2014 is:
  • 0% to £125k
  • 2% £125k to to £250k
  • 5%  £250k to £925k
  • 10% £925k to £1.5m
  • 12% over £1.5m
  • From April 2015 Scotland adopts a different (less favourable) scheme called “Land and Buildings Transaction Tax”

What are your thoughts?

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