Stamp Duty Land Tax (SDLT) was introduced on 1 December 2003 as a new tax on land transactions.  SDLT was designed to replace the 300-year old stamp duty with a bespoke tax providing clarity on land transactions.  The result is a tax which has to incorporate many complex legal concepts into its structure and a tax which has been regularly revised in its relatively short existence.

SDLT is chargeable at the rate of 1%, 3% or 4% on the chargeable consideration paid for an interest in land (provided the relevant threshold is exceeded).  Whilst the rates of tax are relatively low, the nature of property transactions is that they are often high value and therefore SDLT can result in a significant additional transaction cost.

There are a number of pitfalls to SDLT which are explored in the hyper-linked sub-pages.  EDF Tax can assist in providing advice on these areas along with all aspects of SDLT compliance and advice.

For more advice on SDLT please email jfeaster@edftax.co.uk or call 07526 003021 to speak to John.

Sub Pages

• Goodwill
• Exchanges
• Linked Transactions
• Partnerships
• Reliefs
• Sub-Sales
• Works Exemption
• Leases