Our Commercial Property department is headed by Partner Nicky Cleightonhills.
Is Stamp Duty as taxing as it seems?
Stamp Duty Land Tax (“SDLT”), the tax paid on all manner of property purchases, has changed considerably in recent years.
It doesn’t just apply to house and flat purchases but also includes the grant or variation of a lease.
The following will also be considered residential property for SDLT purposes:
residential accommodation for school pupils;
residential accommodation for students (other than a hall of residence);
residential accommodation for members of the armed forces, or
an institution which is the sole or main residence of at least 90% of its residents.
